May 5, 2006
200 offers per month
I heard that you submit 40 to 60 offers to buy per week. I know these are all lowball offers, but my question is what type of forms do you use to submit and how do you submit?
If thru Realtors, do they use their "board approved" forms, normally a 7 to 10 page document?
And if you do use Realtors, how do they react to your volumn of low ball offers?
If presenting your own, without Realtor, what form do you use and how do you send it, email? fax? Would love to hear your answer.
The way that I do this by creating a word doc where all I have to do is to change the address and the price. I then fax the offer at 70% of listed value. I also suggest in the letter that should they decline my offer please call me and lets talk about the houjse and tell me why I should offer more. This starts a dialogue with them.
The realtors reaction vary. Some don't understand, but some are business people who understand that I am trying to buy houses.
Posted by paulwells at 1:28 PM | Comments (0)
April 9, 2006
what to do with this house
A lady will give me her property that is worth 153.000.The value is 170.000,the note is 1379,piti. It was appraised four months ago.
Is a cash sale my only option?
The interest is 6.6150
It depends on if the house is in foreclosure. I am going to assume that it's not based on the question. So here are some things to consider:
1-Is it a fixed rate note? If so what are rents for that type of property in the area?
2-Can you take it subject to the original note?
3-Does the seller want any money?
4-What does the seller want to do(this should be the first question actually)
So all of this depends on what the seller wants and do they want money
Paul Wells
Posted by paulwells at 3:07 PM | Comments (0)