ProfessorDeac
Well-known member
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- Apr 14, 2011
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There's been a lot of house buying conversation lately and there seem to be some pretty knowledgeable people here. I've never done it and need some advice.
We're currently renting month to month and know the owners are interesting in selling. They've said they won't sell out from under us, but we can't depend on that forever. Plus, we like this house and would be interesting in owning it. So, we're thinking about raising it with the property manager.
My concerns are:
1. While we've been living here for 2 years with no major problems, the house is old (1950s) and we don't know what problems it might have coming down the road.
2. We would want to make minor renovations if we bought it (the biggest would be dividing a room in two and replacing an outdoor shed). We are not handy people, so would be hiring someone.
3. The property manager is a real estate agent (sole proprietor) who told us about the owners' interest in selling and apparently wants to do it for them. He is nice enough but not super reliable, plus as a lawyer I'm disposed to always have someone "on my side" in any transaction, but I don't know the extent to which that's necessary/possible in this kind of situation.
4. If we save the owners the hassle of putting in on the market, I'd like some discount for that (for example, the wiring works and is safe, but we know it's not to code in every room, which I would think they'd have to fix if putting it on the market).
Any thoughts from the smart property people on how to proceed? Maryland.
We're currently renting month to month and know the owners are interesting in selling. They've said they won't sell out from under us, but we can't depend on that forever. Plus, we like this house and would be interesting in owning it. So, we're thinking about raising it with the property manager.
My concerns are:
1. While we've been living here for 2 years with no major problems, the house is old (1950s) and we don't know what problems it might have coming down the road.
2. We would want to make minor renovations if we bought it (the biggest would be dividing a room in two and replacing an outdoor shed). We are not handy people, so would be hiring someone.
3. The property manager is a real estate agent (sole proprietor) who told us about the owners' interest in selling and apparently wants to do it for them. He is nice enough but not super reliable, plus as a lawyer I'm disposed to always have someone "on my side" in any transaction, but I don't know the extent to which that's necessary/possible in this kind of situation.
4. If we save the owners the hassle of putting in on the market, I'd like some discount for that (for example, the wiring works and is safe, but we know it's not to code in every room, which I would think they'd have to fix if putting it on the market).
Any thoughts from the smart property people on how to proceed? Maryland.
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