Monday, April 21, 2014

Want To Sell More Properties Or Fewer Properties? Which Is Better?

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I get such a kick out of agents who just don't get it and then sit on a listing for a year or two.

A major lender had a property in Oakland that had some major problems. No one knew what it would take to fix all the issues. In over eighteen months no offers came in, not even all cash offers with a low-ball price. Nothing.

We were called out to do a feasibility analysis report for them. They took our report, placed it in the house and sold the home in three days.

Then you get, how do I say this nicely, those who just don't get it who put this kind of dribble in their listing. I thought that was a lot tamer than I was really thinking.

FULLY REMODELED 2 BEDROOM AND 1 BATH HOME. PER COUNTY, WATER TREATMENT SEPTIC, BUYER TO VERIFY SEPTIC CODE. ALL CASH OR HARD MONEY LOAN. ONLY NO EXEPTIONS

If in fact, it is remodeled then why couldn't it be financed? mmm

If it needs some work then a renovation loan is the best, fastest way to close the sale.