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July 19, 2006
50% LTV Deal
When I locate a house and the sales price is 1/2 of the market, How do I approach the seller?? When I use an agent I would look up the cma and show the seller what they could start asking.
As quickly as possible in this instance. 50% LTV is one you want to be camping in their front yard until you get a deal. Just go and talk to them and help then solve their problem. Ask lots of questions to find out what it is that they want to do, then do it. Why do you want to educate the seller as to what the property is worth. I want the house and if they want to sell it, BUY IT!!
Posted by paulwells at July 19, 2006 5:28 PM