First REO

[Brian Humphrey]

We are going to look at a house in Wheeling,Wv. It's a Fannie Mae homepath property. Looking for the right questions to ask to get as much information on either to flip it if the market allows or rental. Can anyone help with some question to ask the realtor? Thank you. Once I look at it and take pics I will show pics and the info I have to see what everyone thinks if they will help. Thanks in advanced.

[Bryan L.]

@Brian Humphrey - Which Realtor are you going to be asking? Your Realtor, or the listing agent? Most of the time the listing agent has very little actual knowledge about an REO. Not their fault, it's just the way that it is. Now, if you have a Realtor of your own (and I highly recommend this, especially with your low experience level) you will want to ask him/her for comps. Even so, never trust the information that a Realtor gives you (I am also a Realtor by the way), you need to determine everything and verify everything yourself.