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I've searched around and came across a forclosed house (which is not price like one). I really like it and am interested. I emailed the agent the seller has in charge of the house for details and the only detail I received was the seller wants cash buyers.Please give me some advise.I'm a first time home buyer. I' m aware that I need to get pre approved but this cash deal just confused me more. PLEASE HELP..
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I truly appreciate all the advice you all are giving me. I have a much better understanding over the situation. I did see the property before requesting information on it. The house has no A/C and heater, there are no light fixtures.The seller agent said "The home is a forclosure.The seller is looking for a cash buyer.Let us know if you have any questions." He also included his contact information.My fiance and I are hoping with all the needed repairs the seller would drop the price with time.I don't think too many buyers would be intersted in the property because of the work needed on, as well as it being in the country.
Unfortunately, as a first time buyer, you are starting out with some bad news. A seller can put any price on a home and can say they want cash only. And, that's the way it is. I suggest that you find a buyer's agent to represent your interests. A buyer's agent's fee is at no cost to you, as the seller pays the fee for both agents.
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