All Forum Posts by: Amber K.

@Dominique Pradel-Lewis, thank you for your advice. I think I will. It really is perfect for my first property.

@Ali Boone, what a wonderful thread. I knew there had to be many successful women investors, but they get lost in the mix sometimes.

How did you get interested in Spiritual Psychology? That sounds really interesting!

This thread is quite old, hopefully it's okay to still respond :)

Thanks for that, Eric. I'll figure this out eventually.

Welcome @Adam Schmitt! Congratulations on your marriage and starting your journey in REI!

I've known a few people who have lived in Indy and my non-REI employer has a major division in Indy. A very interesting place that I would like to visit some day.

Lots of luck in your future and I look forward to seeing great things from  you!

Hello all,

After a number of months scouring local MLS listings and FSBOs, running numbers, and walking through a considerable number of properties, I finally found it. My first property. While considering what amount to offer over dinner, I received a call from my awesome real estate agent that another offer was accepted at 1pm earlier that day. Apparently this property had a cash offer open for a few weeks and the buyer had set an ultimatum to get a response. Cue, my heart breaking.

Should I consider this property gone?  Is it possible that a contingency won't be met?

Welcome, @Jim Kroeger! I'm just to the north in Michigan, but am in Ohio a few times a year with my boyfriend's work. Really loved the historical homes we've seen driving through neighborhoods. We've spent most of our time in and around Cuyahoga County.

@Joe Splitrock, I had forgotten that county records would have that information. Very good point.

Regarding disclosures, is there a certain amount of standing water that would need to be disclosed? I'm only asking, because I'm hesitant to cause waves here, if I end up putting an offer in on it. On the other hand, if this should have been disclosed and they chose not to in an attempt to deceive, it is important to me to do my part in helping others that might be taken advantage of.

I never considered my asking these questions from these perspectives. I have learned so much from this thread. Thank you. 

I'll take this advice to heart, re-crunch my numbers over the weekend, and see where it leaves me. 

Thanks again.

@Wayne Brooks, my questions had to do with issues I saw and what might have caused them. 

There were water spots above the kitchen cabinets, as well as some standing water in the basement, while disclosures indicated there had been no water issues on the property. There hadn't been any heavy rain for quite awhile and there wasn't a bathroom above the kitchen cabinets, hence my confusion. It wasn't a lot of standing water and the spots were dry, but I would've accepted a simple "We don't know" in response from the agent/seller.

I also wanted to know an estimate of the age of the roof and water heater. The seller had owned the property long enough to have either had to replace them or for them to have been relatively new when they bought the house. Either way, I didn't think it was an inappropriate question to ask.

I also asked why the seller was selling, in case there was an issue with the neighborhood. That area is on the brink of falling back into troubled times or leaping forward with the investments going on around it. 

Perhaps this is just one of those situations where you don't know, what you don't know. Which is why I posted this thread. 

Any help you can provide would be greatly appreciated. Thank you. 

For some reason, I can't get the @Mentions feature to work right now. Pushing forward, hoping that my responses are received by the people who have been kind enough to respond.

@Michael B, does this effectively give them both the buyer agent and listing agent commission? Or is it just doubling their own portion of the commission?

I would love to connect! I will send you a quick note.

@Tom Parris, your advice makes a lot of sense. I guess my only concern is how long it would take to hear back from them, if at all, regarding an offer. I, of course, would do my best to make the offer very reasonable, while adding the contingencies.

I'm also wondering if my relative inexperience in real estate has resulted in my expectations being a bit high for a listing agent's role in this.

@Mike Cumbie, very valid points that I had not considered, and as you mentioned, the last thing I want is to make them not want to work with me.

For some reason, it didn't occur to me that the agent/owner wouldn't want to answer the questions. This doesn't mean that they are trying to cover up anything and it puts the due diligence on my shoulders, where it belongs, anyway.

Thank you all for these fabulous responses! I feel much better proceeding.