I’m looking at a property that is not listed on the mls. I found them through investors. I do not know them personally. It is a 3family that has been totally gutted out, all the work is new in all the units (water heaters, new piping systems, floors. etc.). They said the work will be guaranteed for a year (I believe, I’ll have to double check). I’ve done a walk through on the property I see what they are doing. My friend who is a realtor, recommends that I use her on the deal (and ask the owner to pay her 3% commission) because I need representation. My two questions are
- What can she do for me that I can’t do for myself? I feel like I would be getting a great deal on the property already, so the price isn’t my issue. I’d know to ask for comps/find someone to run them. The property will appraise, based on my familiarity with the area.
- What questions should I be asking the seller to make sure I am protected/making a sound investment?
thanks so much!