foreclosures: Cash Is King!??
- 09/22/10 05:01 AM
I can tell within about 60 seconds of speaking to a Buyer, whether they have been listening to Real Estate investing gurus or watching TV news articles about how to buy foreclosed properties cheaply. Usually the "educated" buyer will begin using the phrases, "I have cash and cash is king", "banks want to move these properties", "fifty cents on the dollar" tip me off to what usually ends up being a failed offer. A few weeks ago I received a call from an interested buyer that wanted to view a foreclosed property that I had just listed. After meeting the buyer at … (7 comments)
I can tell within about 60 seconds of speaking to a Buyer, whether they have been listening to Real Estate investing gurus or watching TV news articles about how to buy foreclosed properties cheaply. Usually the "educated" buyer will begin using the phrases, "I have cash and cash is king", "banks want to move these properties", "fifty cents on the dollar" tip me off to what usually ends up being a failed offer.
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