I found a property listed with an agent. The agent is a brother-in-law of the seller. The property going to be auction at tax sale soon (early May). So, seller is trying to sale it. There also other liens on the property. It needs repairs…don’t know how much. Seller started a lot of projects, but didn’t finish. Going to go check it out tonight.
3/1 1018 sq ft build 1910
2009 Tax Assess : 118k
Eppraisal.com: Est 126k
Cyberhomes: Est 91k
Listing Price: 90K
Thanking of doing a cash offer, then a flip and cash out. My worries are…what to do after checking out the property tonight. How do I make my offer (they have one offer on the table already). I contacted the seller agent and told him I don’t have an agent to rep me. Can I trust him to represent both seller and me….being ethical? Or should I get an agent to put in my offer? And what to do to protect me if I want to get out of the contract?
It's a little long, but I hope to get some inputs from DG family.
Thanks in advance. =)