Need help!

[Tion Henley]

Found a off market lead of an absentee owner doing a moving sale. I plan to go to the sale tomorrow to speak to her and see if she would be interested in selling. From my understanding she needs money to fund her move. But i need help from you guys on what types of questions i should be asking her? Any thing would help thanks!

[Brionne Moss]

Hi @Tion Henley,

I'm far from an expert here, just a beginner that would like to provide some input. So here are some questions that came to mind. . . .

BUT, before you go, I would surely nail down 3 comps so you have an idea of what your MAO would be.

- How much is owed on the house? If not AT  LEAST less than 50% then it's probably not a deal unless you are familiar with creative financing, renting, or have some other exit strategy.

- Are mortgage payments current or behind?

- Are there any Liens/Taxes owed?

- Is it listed by an agent? If so the deal is off.

- Any major issue with the house right now? HVAC?  Roof? Plumbing? Mold? Termites? If no major issues, have any of these items been replaced since the house was built?

- What smaller needed repairs are you aware of?

- What do you think the house is worth? Opens up conversation for negotiation.

Hope this helps a tad. Good luck!