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Updated over 10 years ago,

User Stats

386
Posts
151
Votes
Mike Landry
  • Investor
  • Montgomery, TX
151
Votes |
386
Posts

homepath questions?

Mike Landry
  • Investor
  • Montgomery, TX
Posted

I'm planning on buying my first sfh for long term rental in the near future. I have found a homepath home that has caught my attention. So I wanted to ask a few questions before I wasted any realtor's time.

The home is currently in the first look process and has underneath it homepath renovation mortgage. Just looking at the pics it needs some flooring and cosmetic stuff. Does the renovation mortgage approval mean that there is something significantly wrong with it? Will they tell you what currently needs work or is it up to you to figure it out. They obviously think there is something wrong if they are advertising as renovation mortgage approved? Ac, foundation, ect...

Also, dumb question... Do they let you view the property with a Realtor? It is vacant. What is allowed as far as just going there and looking in the windows? Is it OK to be nosey?

Their price is a little high to hit my target but I'll worry about that if I make an offer.

Thanks

Mike

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