Why don't I find deals on MLS?

[Nick Aalerud]

The lovely "T" was in the office the other day wondering why we don't get our deals from MLS. She comes from the retail side, where MLS is the go-to source for retail buyers. I decided to have a bit of fun to show her why! As a training exercise, I pulled up a series of distressed properties (short sales, foreclosures, failed septics, etc.) as an example and told her we would be analyzing and making offers on these four properties. And I got to spend a full day checking out meth labs, which makes me happy, even though I know I'm probably wasting time! The results? We offended 2 of the 4 agents/sellers with our offers, and the other two didn't bother to respond to us.

Lesson complete. (LOL)

Sellers and listing agents still feel their homes are worth top dollar in this hot (though cooling) market — even if it has significant cosmetic, systems or structural issues. And I realize I will not be the person to sway them — after all, even the short sale sellers, who LEGALLY CANNOT accept any proceeds from the sale unless it's dictated and approved by their lender, get angry when they see their $400K house is now worth only $260K due to how the heating needs to be replaced and the roof leaks, with mold all up in the rafters (and their appliances are from 1962, but we're not even counting that).

Needless to say, I'm still on the hunt — for off market deals only!

Been driving by a property every day on your way to work that looks like this? Then give us a call!

We offer a finder's fee on deals we close and can help people with homes in danger of foreclosure, with water or fire damage, or who just need to sell quickly — no renovations needed or questions asked — as long as we get the deal before it's listed on MLS! And if it IS on MLS, we're still happy to make an offer on it, but the seller may be a bit shocked. Remember, we have to figure in a minimum profit figure, where a homeowner making an offer would not.

Ok, now it's back to the hunt. ‪#‎ShutUpAndDoIt‬!