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I am house hunting in an area which has very few real estate listings. There are expensive waterfront homes and also raw land for sale but in my price range, very little is available and gets snapped up quickly. Rentals are non existant during tourist season.
I have bought about 10 houses in my life. I have bought Power-of-Sales, listed houses and have bought raw land and built on it. I have been a landlord and a tenent. I was self employed for many years, so I know how to work with banks and be aggressive in a market. I have always worked with a real estate agent.
I have an opportunity to purchase a home through private sale. They are discounting it to cover what using a real estate agent would have cost them. I have a good working relationship with both my bank and my lawyer. What pitfalls should I be aware of?
I have bought about 10 houses in my life. I have bought Power-of-Sales, listed houses and have bought raw land and built on it. I have been a landlord and a tenent. I was self employed for many years, so I know how to work with banks and be aggressive in a market. I have always worked with a real estate agent.
I have an opportunity to purchase a home through private sale. They are discounting it to cover what using a real estate agent would have cost them. I have a good working relationship with both my bank and my lawyer. What pitfalls should I be aware of?