7-8-9 yrs?

[Andrea Hupp]

I have been running across a lot of homes in my area where the owner has owned the home for 7,8, or 9 years.. are these homes still worth marketing to? I was told that the owner must own the home for atleast 10+ years or so...

[Braden C.]

Of course they're worth marketing to. If you aren't filtering based on equity % then you'll get lots of folks that bought during the boom and they'll be upside down. Hook up with a good local Realtor who handles short sales and give that person the leads by either selling the actual lead or an agreement that you get the first chance to make an offer on the property so you can wholesale it.

I wholesaled a condo recently where the seller bought in 2006 for over $100k and paid cash. We bought it from him for $15.5k and wholesaled it for $20k. I've bought countless properties from sellers who bought during the boom, paid cash, and ended up taking a huge loss by selling to me for one reason or another.