I got a call from an Investor.. The interesting thing about this investor...he is participating in a new program available to the public.
I've listened to some of the webinars...and I have had the chance to look at the contracts..and skim through the book. When they say full disclosure... they aren't kidding...everything is disclosed.....right in the sales contract...I am impressed..but very skeptical!
I sat with this gentleman for over 2 hours...he had questions...I had questions..I was very curious...another investment program...
FLIPPING Shortsales
I used a short sale listing as an example when speaking with him......why because that is the only type of property these investors are interested in..and they must be single family homes.
Now I don't know what's happening with short sales around the country but in our area.....
They are plentiful...
So plentiful...we watch property value drop..just about every time something closes...get it...
WE WATCH PROPERTY VALUES DROP JUST ABOUT EVERY TIME A PROPERTY CLOSES!
But is property value dropping or prices reflecting true market value in today's current market conditions?
While you think you might be getting this great deal...right now...for short sales...many are priced...
For true market value....
True market value for what it is worth today in this current real estate market..
Its the factual numbers I am talking about from current comparibles...from current CMA's and from current appraisals!
Are you seeing short sales listed way below true market value or are they selling at a price...that shows true market value for your current market conditions?
Would you..knowing what you know...flip short sales now in hopes to make huge profit right now in your current marketplace? I can see investors...investing....leasing their properties but flipping??? Sorry, you'll have to convince me...
