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Updated over 9 years ago on . Most recent reply

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Patrick Britton
  • Ann Arbor, MI
994
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1,509
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Want deals faster than anyone else? With ARV already calculated? (King, Snohomish, Whatcom)

Patrick Britton
  • Ann Arbor, MI
Posted

Hi,

The market in certain parts of Washington is white hot.  So hot that timing has become critical.  Fortunately, I am pretty good with technology and have a way to show you properties as fast as possible.  But instead of explaining how I do it, I will tell you what I did yesterday:

Around 7 pm last night I received notification that a fixer in the Seattle area was listed. I won't get into how I could tell it was a fixer, but it is. Since I'm near a computer or computer equivalent at all hours of the day, I quickly checked 2 sources to see estimate ARV. they were nearly twice the asking price of the property, so it looked promising.

I hit the desktop and ran my excel spreadsheet, pulled a few comps from 3 different sources and got a pretty accurate ARV, estimated profit after re-sale, and ROI. The numbers were attractive. Because i've done this dozens of times already I am getting quite fast, and this one was done in 8 minutes. Within the next 4 minutes preceding this I had emailed my 4 "best" buying clients. Since this afternoon, 3 have gotten back to me. 1 will be making an offer, the other two "might."

So literally 15 minutes after a property was listed, my best clients were informed, had a solid ARV and were given the chance to make an offer.

If this is something you would like.  just let me know. 

Offering

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