2006-12-05 02:57:02 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Knowledge is power. Find out everything you can about WHY the seller is selling. Is he buying something else? If so What? When? Why? Where? How? Can you do the the sale through a 1031 exchange and save him taxes? How badly does he need to sell it? Why? What are his carrying costs, i.e., real estate taxes, Insurance, maintenance, etc. (What is his cost to wait?) How long has it been on the market? (only one reason a property doesn't sell---priced too high). Is the agent willing to cut their commission to make a deal work? TALK to the seller not the agent and get info through conversation not interigation. Cut your best deal with them and then go to the agent and negotiate their commission lower and apply the difference to your purchase price. You need to apply what fits your situation. hope I've helped.
Getting the best prices comes from understanding the situation of the seller not the features of the property.
2006-12-05 05:09:19 · answer #1 · answered by Jim7368 3 · 0⤊ 0⤋
My program teaches you how to negotiate the best prices possible in order to make the biggest profit.
Flipping houses is a great profession to be in. I currently flip houses for a living, and have had a blast making hundred's of thousands of dollars. The key is to do as much work as you can on your own.
Did you know that you can make $40,000 + on a house, and never even own it?
Take a look at my website - I just put it online last month -
Please realize that Flipping Houses is not a "Get Rich Quick" Scam!
Do as much research as possible before starting on your first flip -
http://www.learntofliphouses.com
Kind Regards and Good Luck!
Adam Monforton
2006-12-05 03:00:42 · answer #2 · answered by p3mofo 2 · 0⤊ 0⤋