As all these problems arise again, it will likely swing back to sellers understanding that it’s going to cost them just as much for the firm to represent them in the event of an unrepresented buyer as it would if they just paid a buyer agent fee, but they’re more protected from future litigation if the buyer has their own representation vs claiming they were misled by a seller or seller’s agent.

Hello Murray, Assuming the new owners are interested in selling, you'd want to offer enough to help them cover their transfer taxes, legal/title fees, other closing costs, and possibly their moving costs. 

We fought for this for several reasons: 1. tourism is our main economy 2. there are an incredible amount of dilapidated homes that could be renovated and made beautiful if the investment return justified it (which STR in a beach town could) and 3.this is a family-friendly, lower-cost and now COVID friendly way to travel. 

Now I may be able to get a loan on the property, or other ways to buy the property, however, both of them will require closing cost.  

My wife called and they said they would actually let her assume the loan somehow, just a $900 assumption fee and closing costs.

All the best,Diego most of the good ones won't touch less than 100 units and even that is for new construction. hate to be the bearer of bad news. we are looking at ground up condo deals with entitlements and I reached out to a few HOAs based on larger towers and the best will cost more than it'll be worth.

Which cost me a grand so you could figure that in as your management fee.

Hi friends,I rehabbed/renovated a single family home in Baltimore County.

I know there are risk involved like market down turn, not selling for ARV, higher than expected renovation cost, etc, but I'm really worried about people just taking the money and running away with it.

For an expected improvement cost of 180,000. 13-month completion time across the 17 doors.