Recent content by LocalBirch

That should give you a much cleaner decision. One final comparison: calculate the return on total cash committed, including transaction costs and any initial work, not merely on the $1,325,000 price. Then ask whether the remaining net cash flow justifies condo-association exposure, tenant...

Ask what support continues if the deal falls through. Does marketing restart immediately, who follows up with earlier interest, and are there any additional charges? The attractive part is speed, so the fallback plan should not leave the duplex stalled.

“Affordable” can mean the lender approves it, or it can mean you can still save, travel and handle surprises. Only the second definition is useful for this decision. I would set the comfortable monthly amount first and reject the property if the honest all-in figure exceeds it.

Agreed. Keep an offer log: asking price, your amount, conditions, proposed timing, what feedback was actually given and what is only your inference. After several attempts, patterns may emerge. Without that separation, “the market rejected this price” can really mean “one seller preferred a...

Collecting the wrong fields now would leave me with a polished spreadsheet that cannot support an actual purchase decision. I’m an Austin landlord trying to understand other US markets, with particular interest in townhouses, ownership costs and the difference between listing figures and...