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13 November 2011 | 9 replies
No if it's priced right it's a steal for most buyers.The fact the you mention THE RIGHT buyer indicates it is overpriced and the seller is wanting you to find THE ONE buyer who will pay top market for it.So it is either a steal or it is not.Usually that market is slow moving as those are move up homes and many buyers are underwater in their current homes.Research in your area WHAT IS SELLING.I focus on what buyer are wanting to buy in the marketplace and NOT what sellers are wanting to sell.Your MLS will have data on what product type is moving.Expensive homes have a bunch of outlay in marketing costs so the listing should not be taken lightly.Some friends that have been selling upper end homes for years provide basic marketing and anything additional make the seller pay for it and keep the receipts.Then when it sells they credit the seller off of their commission.This way if the seller wants to take off the market early or change brokers/agents and not give you the average marketing time to sell it they are out the money and not you.It makes the seller think long and hard about correct pricing when it is THEIR money on the line.
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10 November 2011 | 1 reply
A 4-unit, and the bank did not use "cash for keys"?
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12 November 2011 | 21 replies
Hiring this PM was part of a package of a "turn-key" product.
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4 July 2017 | 53 replies
It seems the key phrase here is "motivated Seller."
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14 November 2011 | 8 replies
I can sort of see this because a score below 500 is usually indicative of some pretty serious, ongoing problems.
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5 June 2012 | 11 replies
The key is to keep at it consistently.
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28 December 2011 | 4 replies
Additionally, you can ask your title company or attorney to collect the keys as they too have a responsibility to pass possession to you.Someone staying in your house can be done by anyone short sale or not.
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15 November 2011 | 18 replies
That would be my biggest concern.The last time I had a rehab in the hood I had a handyman with a key to the property check on it almost every night.I'm not against it especially if there is profit to be made but as always manage your risk.
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18 November 2011 | 11 replies
I’m not sure I'd agree, especially if they require a personal guarantee.Discussions with my attorney indicate it doesn’t matter.
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7 October 2012 | 6 replies
Then I advise the short sale negotiator or buyer that anything they see with my initials is mine.On my spreadsheet, I indicate all the pertinent info (address, property, etc.) and the date that it was sent to the buyer or short sale people.IMHO it's the bird-dog's responsibility to track the deals that they send out.