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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (18809)3/22/2004 4:38:37 PM
From: TradeliteRead Replies (1) of 306849
 
Yeah, I worked in real estate brokerage. Although the facts fatty gave are not complete about the previous transaction and proposed new sale, this certainly sounds like a classic for-sale-by-owner offering. If it's not and is being handled by a full-service brokerage firm, then surely there wouldn't be much profit, typically.

However, how do we know the owner didn't get some cheap seller-held financing from the previous owner? And how do we know what problems and risk this seller might have in NOT selling? This is the type of stuff fatty needs to find out if he wants to actually "exploit" the situation, no? Fatty probably also doesn't want to find himself trying to buy a house that won't appraise.

Just some thoughts.....
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