I have a client who makes over $200,000.00 each year trading on ebay. I have no idea how he does it but he's obviously got it figured out. He knows what to look for.
As a Realtor, I like to think I know this game, much the same as he knows his. For example, in this "seller's" market, there aren't many bargains out there for buyers. The difficult part of course is finding them and to that end, here are a couple of secrets of the trade.
Agents like to have it easy. If they're trying to show a tenanted condo for example, the unit must be available to view at the Realtor's convenience, not the tenants. Otherwise, the unit will not get nearly as many showings as will a vacant or owner occupied suite. That will result in a delayed sale and quite possibly a lower sale price. I've waited three days to show a suite that we're finally getting in to tonight. My guess is, if my client likes it and is ready to go, we'll buy this for less than it's worth. Secondly, if the tenant is a slob and the place looks like a train wreck with moldy food spread all over the place and stained underwear by the bed, the price will go down even more.
This reminds me of a house I sold in December that was vacant, owned by an elderly Chinese man who had painted EVERYTHING a sickly blue (enamel paint of course). Underneath it all was a charming brick house with period features intact and private parking and two baths etc. You guessed it, we got it for a song!
Bargains can be had. You just have to know what to look for.
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