I have noticed in the past few months, as I’m looking for a property to make an Airbnb, that many properties have issues that would not pass inspection, therefore the buyer would not be able to get a mortgage on said property. Like these issues are super clear – the roof is missing multiple shingles, there has been clear, water damage, etc. When I would ask the realtors at the open house about this, they would just shrug. Then, what do you know, the house sits on the market for two months, and there’s a new roof put on it.
Is it a strategy to see if someone will come in with cash and it not have to pass an inspection? Or is the seller not willing to take feedback, and we just waste a few months? I see it all the time, in about 75% of the time I see that the seller makes their repairs, and then three months was just lost.
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/1k23al3/question_for_realtors/
Comments
Post a Comment