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All Forum Posts by: Jeff Kobernus

Jeff Kobernus has started 2 posts and replied 32 times.

Post: Best approach to off market homes

Jeff KobernusPosted
  • Real Estate Agent
  • El Dorado Hills
  • Posts 32
  • Votes 41

Checking the tax records will help you find the property owner and there should be a current address as stated above.  Getting their phone number will be a different story.  I would try to find the current homeowners address and if its close by drive by and drop a letter off in the mail.  

As far as trying to pursue the off market property you may want to consider speaking with a real estate agent you know in your area.  The current homeowner will most likely be happy that they wouldn't be paying any realtor fees but you also want to make sure you're protected in the process.  You will have contingencies in place whether you are paying cash or getting financing.  If you're paying with cash your only contingency (typically) is an inspection period that allows you to do all your due diligence within a certain agreed upon time.  If you are getting financing, you will also have an appraisal contingency and a loan contingency.  Most likely the owner will not want to do any repairs and would want to sell the property "as is," which is not an issue but as the buyer you will still want to know what "as is" actually means in terms of repairs and how much money you will have to spend.

Most likely if you do agree on price and terms you would end putting in a deposit, which is protected by the above contingencies. Best of luck!

Post: On the fence about the background check results

Jeff KobernusPosted
  • Real Estate Agent
  • El Dorado Hills
  • Posts 32
  • Votes 41

Plenty of tenants to chose from.  Reject and move on or risk a big headache later.