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Updated almost 12 years ago, 01/24/2013

User Stats

828
Posts
260
Votes
Jennifer Lee
  • Real Estate Broker
  • Gibsonia, PA
260
Votes |
828
Posts

Embarassing offer

Jennifer Lee
  • Real Estate Broker
  • Gibsonia, PA
Posted

hi BP

i have had the opportunity to be shown a home before it was listed.
it's in my farm neighborhood so great location, school, afforability, shopping, transit.

I have was given info that the seller maybe motivate (kids of owner)

the owner is original own since the 60's. so everything is original, but very well maintained.

there maybe an issue of the owner encroaching on public lot (his driveway, the lot next door was supposed to be a road that was never built) I am working with a lawyer if the need arise.

renov is comestic, upgrade, it's a 60's house in all the decor sense. i already have a realistic budget.

based on a similar purchase on the same street by me last wk, my offer will be really embarassing.

should i wait, let it list, sit in market...and approach later?
or just do it? run the risk of reject bc it would be their very first offer...

it doesn't make financial sense to me if I offer anymore to flip.

thanks for you advise.

this would be mls listing, not foreclosure etc.

AT this point i dont' even know listing price...broker still working on it

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