Archive for August, 2006
Talk about your proverbial “Two Edged Sword” this is IT! Motivated sellers are a prize and a curse all in one little, tidy package. On the one hand it can be a really fast sale for a representative and a really great buy for an investor or owner. On the other hand it can be filled with panic attacks and angry neighbors. So what do we do with these prized gems of the investor game?
Any professional or aspiring champion agent should know you’ve got to find the pain behind the method. If you have a seller who, for example, is facing impending economic travesty in their life such as the end of an employment contract you probably want to get a move on, get some offers and get the property sold. Keeping them in the home too long could prove disastrous. In another scenario where the seller may have inherited the property and the liability thereof it may behoove you, as a seller’s rep, to consider rehabbing, staging and going for the big bucks. Read the rest of this entry »
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New investors, it seems, are intrigued by words and phrases to which they have recently been introduced. Often I will speak with a prospect on the telephone and just by listening to what they are saying tell you about where they are in the investment process. Newbies (that’s not an offensive term, by the way) and well studied but lightly experienced investors generally have one thing in common: a great use of words they don’t (fully) understand.
Today’s term is Short Sale.
This is a big one and it’s used quite often around investor’s clubs and seminars across the nation. But what, really, is a short sale? How do they work? Why should I or should I not pursue short sales? Read the rest of this entry »
— admin