Gainesville, FL · Member since 2013 · 24 posts · 0 votes
I noticed a lot of wholesalers saying that they put up flyers saying "We Buy Homes for Cash!"
I assume that most of you that do that have a buyer list thick enough that you can find a buyer pretty quickly. However, someone new might not have as many buyers, and would have a longer wait time associated with selling after a contract assignment.
My question is, how do you convince homeowners to contract to you, after they discover that they can't just get you to buy and their worries are over? Is it just a matter of how motivated they are to sell?
Mark Kindy It doesn't matter if you have 1,000 buyers on a list or 0. If it's a [iTRUE [/i] wholesale deal then it should sell extremely quickly. You might take a couple of extra days than someone with a large list but it will still sell. I recently sold 3 properties via assignment in an area that I didn't have any buyers in by simply doing some homework on potential buyers.
So despite my number of buyers, I'd still go with the strategy of "I buy homes" ? Does it matter if they understand the concept of contract assignment?
Mark Kindy I would encourage you to be as transparent as possible with sellers. If you can't perform as the buyer you can simply say that you "have partners that you work with" on all of your real estate deals.
Trying to explain what an assignment agreement is to sellers is a lot of times difficult. The bottom line is that 99% of sellers who will sell at a wholesale price want you to solve a problem they have. It doesn't matter how you solve that problem, they just want it taken care of.
Thanks, that really clarifies that for me. I understand that it would be difficult to explain, and so I was having trouble wrapping my head around how I would go about that, but your solution is simple and effective.