8/4/2008
Since it looks like the pink house deal is just not going to close-EVER, and because my buyer is coming back from the Bahamas Thursday thinking that we are going to close on Friday, I decided to take matters into my own hands, and made 5 offers on other properties in the same neighborhood. I offered 5k earnest money on all of them, and to close by the end of the week. If I get any of these at the prices I offered, they will all be better deals then the pink house (It was a good deal a month and a half ago, but now, not so much), and I know my buyer will be pleased. In case you're wondering what will happen if they all get accepted, I can pretty much guarantee that isn't going to happen as these offers are LOW, LOW, LOW. If it does happen, well, I'm sure I'll figure something out. No risk, no reward.
The other deal I just got under contract has had a lot of interest, but no contract yet. I've got no worries whatsoever about selling this thing, and I have until Sept. 9th to find a buyer, which is an ETERNITY. I'm holding out for a big payday on this one since I have the extra time.
I spent all day yesterday looking at houses and looking for new buyers. I found 2 more cash buyers (landlords), by calling "for rent" signs. I'm telling you- this is a FANTASTIC way to find new buyers. Every time you go to look at a house, if you just take a few extra minutes to drive around the neighborhood and call some signs, you will have a whole bunch of new buyers before you know it. Trust me- it works.
I'm off to bed.
Over and out.
Monday, August 4, 2008
Plans B, C, D, E, and F
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5 comments:
Hey Steph, I'm lovin ur current strategy to find that buyer something! I've recently found some great buyers from this website socialserve.com , basically a listing of section 8 landlords! (phone number included) They service Tampa, you may be able to utilize it.
Thanks for the tip..
Funny you mention it, as I was just searching the Tampa Housing Authority website over the weekend- another great place to find buyers.
Steph, I have started to drive around calling For Rent signs as well. Hopefully I can get a few buyers to add to my list.
Glad to hear it, Tim. Just remember it is a numbers game- not everyone is going to be receptive to you, but the ones who are are worth their weight in gold. I think I called 10 signs on Sunday and only 2 were interested in talking.
I am really curious about how these phone calls go. How do you introduce yourself? "I'm a wholesaler"?
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