Need help..Too good to be true? first wholesale deal

[Henrietta M.]

I have been studying wholesaling RE for the last three months. I still don't understand quite a bit. I just saw a deal in a great part of town, hunting,fishing little land. Although it's 35 miles from a major city, it looks like it's priced almost 90,000 to 120,000 less than most homes in the area, comparing size, bedrooms, etc. It's in amazing shape too.

The ad says it's a motivated seller and taking offers but it's been on the site for a little over 1 month now. Can someone help me with this? It seems too good to be true so I want to call them and ask what's up? Why etc. PLEASE help, thanks.

[Ned Carey]

Great deal happen all the time. Many of the deals I have done could be described as "too good to be true" to the uninitiated person. 

The question is do you know how to evaluate a deal and recognize a great deal? If it is really a great deal that far below market why hasn't it sold? You need to learn your market so well that when you see something like this you KNOW it isa grat deal and you are confident enough to act. 

For now yes call the owner and talk. Truly motivated owners will often open up and talk about all the weaknesses of their properties. Also you can get an inspection to help discover any hidden problems.