I have been looking for homes that match bedrooms to bathrooms to make house hacking property more attractive. This is my first time buying and I plan to live in the room on the first floor and rent out the 3 bedrooms on the 3rd floor. Something that’s always been important to me is having my own bathroom, so it’s something I’ve favored while shopping for a property.
I found a 4 bedroom 4 bathroom condo and aggressively made an offer when I was told that they were about to accept another one. They are now interested in my offer “since they would be gaining a profit” and are making plans for me too see the property. My offer is for their asking price of $170,000 even though I was only pre-approved for $165k and will have to front the difference. They are selling as is, so offer is contingent on an appraisal. Anyway, I am just seeing the property on another site and see it has .5 less bathrooms than advertised on Zillow. Given my aggressive offer and risk that I am taking, any little thing has me on high alert. I REALLY cherish the fact that my bedroom would be 2 floors under theirs, so I can have total privacy but I find myself looking for an exit plan bc truth be told I don’t have money for repairs if something happens. 3 of the units have tenants until July 31 and they would like to renew. I am hoping previous tenants means they care about the property and hopefully nothing will break in the first year while I build a savings for maintenance and repairs. But I’m wondering if an incorrect listing is grounds for a reduction in price (to $165k) and if this is still a great investment property or if I should back out based on learning that the property doesn’t have as many bedrooms as was advertised.