I have noticed the very first viewers that will show up at the property --- before it is cleaned up and listed - are the:
- Looky-loos (not serious buyers but will waste a lot of your time) -- I tell them I am not just cleaning it up and it is not listed and they still want to go inside and see it!! These are usually people that are either related to or know the previous owners and want to have something to talk about -- so they come over and see how the property was trashed!!!
- Unqualified buyers (you won't know that they're unqualified until too late) - these are the people that are shopping (window shoppers... they don't even know if they qualify to buy a property of any price -- but they are out with their list of properties and will ask you more questions that the qualified ask!
- Bargain hunters (investors who offer you low-ball prices) - trying to come see the property when it is not cleaned up or rehab so they can get the best price -- the lowest price. They are usually good at assessing the properties to see how they do the least amount of work to it to get it rented out.
- Wheeler-dealers (people who want YOU to carry their loan or other creative techniques) - again, usually not qualified to get a regular loan and still want to buy a property. These dealers will even consider Option to buy or other creative options.
- Submit in order to stop others from buying (this is an agent that will talk a buyer into just putting an offer in) here and there and everywhere and see which one reponds the quickest. After holding up the property for some days, they call and cancel out and make up a story that is so long and drawn out on why the buyers walked!
If you fit into any of these catagories, you are not what I consider a serious buyer and a time waster. In this line of business time is essencial and it is too valuable to waste!
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Take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog - for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Family Realty Group and we also focus in Short Sales and the Pre-Foreclosure process and REOs/Bank Owned Properties. Our aggressive marketing plan includes on-line listing advertising.
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If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin, Alameda, Contra Costa and Stanislaus Counties - includes Stockton, Manteca, Tracy, Lathrop., Salida, Ripon, Modesto, Lodi, Hayward, Castro Valley, Union City, Fremont, Newark, Livermore, Pleasanton, Dublin and all surrounding cities). Call us at 866-750-8282 or email at US.
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WOW I really never did look at it this way but thank you for sharing it was really interesting the definitions you had for different buyers.
Thank you for sharing,
Kim White