Disneyjane48, the owners of the condos can rent them themselves. There are three options to find one. Use a local realtor, check craigslist, or post a notice on the board at the mailboxes. An owner may see that and call you if they want to rent.... more
First of all, I would not accept Tulia or Zillow's values. They are not accurate. As the others have stated, there are many reasons why these homes sell for much less. This is why you should be working with an agent who can look at the data on the property and explain the reasons for the sales price. Many of these homes have been vacant for long periods, have had pipes freeze, water damage, mold, copper stolen, etc. I have seen and listed homes that need a complete rehab. If you see "CASH ONLY" in the remarks, you can be sure it needs a lot of work.
It is most bright red flag to keep away. Quite possible that there are irresolvable liens on property so you can buy other people debts. Banks create special language in addendum to force buyer into purchase with so named "insurable title". It could means that liens will be there for years and you will not be able to sell.... more
Well our paperwork finally made it over to a negotiator so thats better news...this area property values have declined...and forclosures are pretty much out of control. the deal was not so much the "want"factor but the home and location of it all.... more