I was recently contacted by a Realtor that has an investor wanting to purchase 8-10 homes, (not condos' or lots). The homes' must be 20% below apprasied value and in the price range of $500,000 to a million. This is their initial investment and most likely will invest in more homes in the higher price range at a later date. Please send me a pm if you have a property that meets this criteria. thanks
Replies
15
SoWal Insider
I was recently contacted by a Realtor that has an investor wanting to purchase 8-10 homes, (not condos' or lots). The homes' must be 20% below apprasied value and in the price range of $500,000 to a million. This is their initial investment and most likely will invest in more homes in the higher price range at a later date. Please send me a pm if you have a property that meets this criteria. thanks
The appraised value from this year or last year?
Beach Lover
The homes' must be 20% below apprasied value and in the price range of $500,000 to a million.
What type of appraisal. Independent or tax assessor?
SoWal Insider
Me thinks they're just "farming" for names of desperate homeowners and info on properties to research which they'll pass along to those who may be perched.... and watching....and waiting....to pounce.
We're just now starting to see the ugly underbelly of this past frenzy--now, more than ever, one needs to be very cautious and ask lots and lots of questions.
We're just now starting to see the ugly underbelly of this past frenzy--now, more than ever, one needs to be very cautious and ask lots and lots of questions.
Edited
Beach FanaticAuthor
The appraised value from this year or last year?
That would be this year Shelly.
Beach FanaticAuthor
Me thinks they're just "farming" for names of desperate homeowners and info on properties to research which they'll pass along to those who may be perched.... and watching....and waiting....to pounce.
We're just now starting to see the ugly underbelly of this past frenzy--now, more than ever, one needs to be very cautious and ask lots and lots of questions.
Agreed, what are your questions?
Beach Fanatic
Get em, Franny
Beach FanaticAuthor
Get em, Franny
Beach Fanatic
Shelly, can you define what you mean by "ugly underbelly" ?
Meow
Shelly, can you define what you mean by "ugly underbelly" ?
Stop it! I inherited that underbelly!!!
Skunky
Stop it! I inherited that underbelly!!!
Beach FanaticAuthor
Stop it! I inherited that underbelly!!!
What belly? You are a sl
im fit kit-tay!!Meow
What belly? You are a sl
You never notices how blue my face gets???
Frannyfanny...you are highjacking your own thread! :nono1:
SoWal Insider
Agreed, what are your questions?
Does that mean it will really be a -26% hit with the realtor's commission? Or is the realtor, in addition to the sales commission, getting a bird-dogging fee from the investor.
Edited
Beach Fanatic
Does that mean it will really be a -26% hit with the realtor's commission? Or is the realtor, in addition to the sales commission, getting a bird-dogging fee from the investor.
It better be both....
Beach FanaticAuthor
You never notices how blue my face gets???
Frannyfanny...you are highjacking your own thread! :nono1:
Oops!!
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