OfflineI had my agent pull up all the cash buyers from the last 90 days in Salt lake county, UT. He did put some restrictions on it based on what we had just before spoken about-starter homes, SFH, under $130,000. I didn't mention to put these restrictions on the "90 days" list so I imagine that's what he thought I wanted.
Anyway, I only got 35 listings, and most of those (about 28 or so) are banks or other lending/mortgage companies. I'm guessing they're repossessing them. I didn't realize that would be included under the "90 Days" list. Has anyone else had similar results?
I know restrictions were put on the search, but only 35 listings? Does that seem right for such a large metro county?
Should I have him pull up a "90 days" list for the counties right next to Salt Lake county in addition to pulling up another list for Salt Lake county without any restrictions? What reason should I give for pulling up the same list without restrictions?
Any help would be appreciated.
I would suggest having your agent go into the counties that you would most likely invest in.
If you don't like the results of the "first run", then just have him expand into other counties.
The reason for "90 days" is to find out WHO'S buyin NOW.... this list should provide informations as to who's currently buying and then you could possibly approach them as "buyers" to work with in the future.
Hope this helps,
B
Phil,
Thanks for taking time out of your holiday schedule to let me look at the Streator properties. I really appreciate it!
Please let me know what price range of houses are the hottest selling right now in my investment area, please include Streator now. (He already knows my investment area as I have been dealing with him for a year)
Can you do an MLS search for homes that have sold for cash within the past 60 to 90 days?
Here is the criteria I am looking for with regards to single family homes. I am looking to buy, fix and sell and make between 20 to 25K per property.
Please look for Starter homes:
As-is (include words like handyman special, diamond in the ruff, rehabbers dream etc. along with any other broker terminology used to describe fixer uppers)
Vacant
Recent/Price Reduction
Thanks in advance for your support.
Darold
I took it right out of the training material and 30 days to real cash book.
I'm sure your RE Agent thought you wanted those restrictions in your cash buyers list. Just tell him you must have had a misunderstanding and the cash buyers list you want is of all the cash sales in the last 90 days. The restrictions come into play later when you are looking at properties to buy. He doesn't need to know why you want this list, but if you feel you have to tell him something, just tell him it will help you with your research, and planning your investment strategies.
I emailed my agent and just said that since I was going to be wholesaling to other investors that I needed to expand my search into the surrounding counties and without any restrictions. I thanked him for pulling up what he did.
He emailed me soon thereafter with the counties I requested plus one and without any restrictions. Wow! I have my information now!
I'm quite sure I have my agent, too! This stuff works!
Good to hear it worked out. How many "real" cash buyers do you have now that you have the correct info?
On our MLS system, there is a slot to fill in when the property sells that asks about financing. It includes options for cash, VA, conventional, etc. It sounds like your realtor put in a search field that said "cash" to get your list for you.
Jill... the investor friendly REALTOR.
Due to spam... no email links!
Double post please delete