It's Still For Sale, What Don't I See?

[Arnie Guida]

There's a multi for sale in the area I have 2 4plexes in...for over a year, two different realty's...The numbers are better than any of my 3 buildings. The price has continually been lowered. The ad has the wording 'Seller motivated, make an offer"... Does that desperate tone scare people off? Who knows? What scares me is that there are many fish swimming in the RE sea, surely it's been looked over by many, many people, and it's still for sale...

I'm interested but can't help but wonder, I don't consider myself sharp when assessing properties, and the sharp guys have surely seen something that makes this building a "pass", what do they see that I don't?

As I said, the numbers are better than any of my buildings, and I can easily buy it... but there must be something I don't see...

I've walked around it, but not through it. Looks ok to me.

Schedule a showing to satisfy my curiosity?

[Dan C.]

Definitely @Arnie Guida .  Even if you don't remain interested you get some more market knowledge under your belt that will help you make better decisions on other properties you might pursue.  I would view it with the listing agent and ask them questions about what is wrong with the property.  Maybe basement/foundation issue, that usually scares people.