Prospecting a house

Discussion in 'Landlord & Rental Property Questions' started by Corzhens, Jul 11, 2015.

  1. Corzhens

    Corzhens Senior Investor

    May 2015
    Likes Received:
    We did the prospecting when we planned to buy our own home. The first step is to check on the newspaper ads with the specific location in mind. Finding some prospective properties, we set out to visit or call before the visit. And then we get the details from the owner or the contact person. But the crux of the matter is the price so you have to be aware of the prevailing market prices in the area. Another thing is the condition of the house especially if it's an old house. When all the details look okay, that's the time to sit down and talk about the selling price versus the buying price.

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