Its been awhile since I've been on the site, but I finally got my private investor living in the same state with me and we are more than ready right now to pick up a property. Right now, I have my eye on one that almost looks too good to be true (which in my experience, normally is) but I have to ask anyway so I can prepare my questions when my real estate agent calls me back.
The property I am looking at is available for around $80K but has whats called "AWC - Seller Written Instructions" and then refers to what is called 'AWC-I' next to it. I have found very little information regarding this term, but what I have gathered is basically this means that the seller is taking secondary-offers while the bank is deciding what to do with the property (or something along those lines). The description continues and then says "Seller has never lived in the house. Buyer to verify all information they deem important. Must submit attached addendum with offer. Please waive SPDS and CLUE on page 7 of offer. *SOLD IN AS-IS CONDITION" I should also note that the first pic shows some kind of damage in the shingles on part of the roof. I dug a little deeper into this property via the assessors office and looked up the tax history. Right now, it seems that only half of the taxes due for 2008 have been paid on the property.
So I guess my question to you guys would be what should I be aware of & keep my eyes open for with properties with AWC listings. Quick responses are appreciated as this looks like a very desirable property if everything checks out.
"What!? NO! We can't stop here! This is bat country!"