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Updated almost 2 years ago,
Should I buy it before it hits the market?
I have the opportunity to buy a 3-bedroom duplex (6 bedrooms total). I'm in contact with the listing agent but my realtor thinks I should let it hit the market. I've been 0/5 due to this being my first real estate purchase. My goal is to house hack. I personally believe I will be outbid and get into a bidding war if it hits the market. Plus, I'd have to do a hard money loan likely. I love the place. It's being listed for 300k but want about 325k if I buy it before. There's just nothing in my area and it's hard to find side-by-side duplexes with attached garages let alone a 3 bedroom in my area. It should be listed next week. I realize I basically have no leverage but if they are willing to sell it before it hits the market I think I should buy it.
What are your thoughts?