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Updated about 17 years ago,
screening potential deals
I am a newbie and have been receiving a handful of leads for people who want to sell their home quickly.
I don't have the cash to do so, even though they have a lot of equity to be had. Wholesaling might be the way for me to go.
When I first talk with them, I'm not sure about what I should be asking them.
So far, I've been asking them:
what they think the FMV is,
what repairs need to be completed,
square footage and acreage,
description of house features,
why they need to sell if they haven't told me,
what their timeline is,
what's the lowest amount they'd be willing to take to be done with the stress of owning the house,
what their monthly payments and taxes are.
What else do I need to ask in this first phone call?
Should I take some of these out?
Should this conversation ever happen via email?
I'm thinking phone is best, at least initially.
What is the best approach if I don't have a buyer?
I'm trying to build a buyer's list.
Thanks for any advice you might have.
Heather