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propertysearchaddiction.
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August 28, 2009 at 3:13 PM #16266August 28, 2009 at 3:39 PM #450224
sdduuuude
ParticipantBe patient. Learn the market first before buying.
Watch houses come on the market and get sold. Keep a spreadsheet of houses you like with asking and selling prices so you know what is really a deal and what isn’t. As time goes on, narrow your search to just the streets you like.
Look for comp killers so you know when the market is changing again.
August 28, 2009 at 3:39 PM #451012ParticipantBe patient. Learn the market first before buying.
Watch houses come on the market and get sold. Keep a spreadsheet of houses you like with asking and selling prices so you know what is really a deal and what isn’t. As time goes on, narrow your search to just the streets you like.
Look for comp killers so you know when the market is changing again.
August 28, 2009 at 3:39 PM #450825ParticipantBe patient. Learn the market first before buying.
Watch houses come on the market and get sold. Keep a spreadsheet of houses you like with asking and selling prices so you know what is really a deal and what isn’t. As time goes on, narrow your search to just the streets you like.
Look for comp killers so you know when the market is changing again.
August 28, 2009 at 3:39 PM #450416ParticipantBe patient. Learn the market first before buying.
Watch houses come on the market and get sold. Keep a spreadsheet of houses you like with asking and selling prices so you know what is really a deal and what isn’t. As time goes on, narrow your search to just the streets you like.
Look for comp killers so you know when the market is changing again.
August 28, 2009 at 3:39 PM #450752ParticipantBe patient. Learn the market first before buying.
Watch houses come on the market and get sold. Keep a spreadsheet of houses you like with asking and selling prices so you know what is really a deal and what isn’t. As time goes on, narrow your search to just the streets you like.
Look for comp killers so you know when the market is changing again.
August 28, 2009 at 5:29 PM #451053jamsvet
ParticipantI couldn’t agree more about learning the market. When I was buying investment property, I must have looked at 500 sets of units. I knew the pros and cons and when I found just the right one, I knew it instinctively. Immediately upon walking into each of the buildings that I bought, I just knew. Ones that I thought were great in the beginning weren’t really that great in hindsight.
Get your education first then leap. Make a game of it and look at lots of houses. You’ll know when the right one comes along.
August 28, 2009 at 5:29 PM #450865ParticipantI couldn’t agree more about learning the market. When I was buying investment property, I must have looked at 500 sets of units. I knew the pros and cons and when I found just the right one, I knew it instinctively. Immediately upon walking into each of the buildings that I bought, I just knew. Ones that I thought were great in the beginning weren’t really that great in hindsight.
Get your education first then leap. Make a game of it and look at lots of houses. You’ll know when the right one comes along.
August 28, 2009 at 5:29 PM #450793ParticipantI couldn’t agree more about learning the market. When I was buying investment property, I must have looked at 500 sets of units. I knew the pros and cons and when I found just the right one, I knew it instinctively. Immediately upon walking into each of the buildings that I bought, I just knew. Ones that I thought were great in the beginning weren’t really that great in hindsight.
Get your education first then leap. Make a game of it and look at lots of houses. You’ll know when the right one comes along.
August 28, 2009 at 5:29 PM #450264ParticipantI couldn’t agree more about learning the market. When I was buying investment property, I must have looked at 500 sets of units. I knew the pros and cons and when I found just the right one, I knew it instinctively. Immediately upon walking into each of the buildings that I bought, I just knew. Ones that I thought were great in the beginning weren’t really that great in hindsight.
Get your education first then leap. Make a game of it and look at lots of houses. You’ll know when the right one comes along.
August 28, 2009 at 5:29 PM #450456ParticipantI couldn’t agree more about learning the market. When I was buying investment property, I must have looked at 500 sets of units. I knew the pros and cons and when I found just the right one, I knew it instinctively. Immediately upon walking into each of the buildings that I bought, I just knew. Ones that I thought were great in the beginning weren’t really that great in hindsight.
Get your education first then leap. Make a game of it and look at lots of houses. You’ll know when the right one comes along.
August 28, 2009 at 9:15 PM #450920bsrsharma
ParticipantAlong with the previous two posters, I can add some more:
1. In this market condition, focus on REOs
2. Don’t hire a buyer’s agent. If you need a buyer’s agent, you haven’t done the home work – you are not ready to buy.
3. You get the best deals in REO by using the listing agent to represent you as buyer & cash or high down payment offer. The deal you get improves with cash (I know cases where REO sellers didn’t really care about purchase price offered as long as it was all cash)
August 28, 2009 at 9:15 PM #450848ParticipantAlong with the previous two posters, I can add some more:
1. In this market condition, focus on REOs
2. Don’t hire a buyer’s agent. If you need a buyer’s agent, you haven’t done the home work – you are not ready to buy.
3. You get the best deals in REO by using the listing agent to represent you as buyer & cash or high down payment offer. The deal you get improves with cash (I know cases where REO sellers didn’t really care about purchase price offered as long as it was all cash)
August 28, 2009 at 9:15 PM #450319ParticipantAlong with the previous two posters, I can add some more:
1. In this market condition, focus on REOs
2. Don’t hire a buyer’s agent. If you need a buyer’s agent, you haven’t done the home work – you are not ready to buy.
3. You get the best deals in REO by using the listing agent to represent you as buyer & cash or high down payment offer. The deal you get improves with cash (I know cases where REO sellers didn’t really care about purchase price offered as long as it was all cash)
August 28, 2009 at 9:15 PM #450511ParticipantAlong with the previous two posters, I can add some more:
1. In this market condition, focus on REOs
2. Don’t hire a buyer’s agent. If you need a buyer’s agent, you haven’t done the home work – you are not ready to buy.
3. You get the best deals in REO by using the listing agent to represent you as buyer & cash or high down payment offer. The deal you get improves with cash (I know cases where REO sellers didn’t really care about purchase price offered as long as it was all cash)
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