How to get buyers to act now!

By
Mortgage and Lending with Dan Dowling - United Mortgage Capital Corp.

 

I just had a client who was buying a "builder blowout". The builder was offering a 2800 sq ft. concrete block home with barrel tile roof in a gated community for ....ready?...$230k!

They were trying to close their books on '07.

Now that the sale is over the new price for the same model is....$311k! My client just made $81k in equity in a month. In a down market.

Lesson. Use this story to get your buyers off the fence. There are deals out there and the decisive will be well rewarded. Get your clients approved early so they can 1. fix any errors in their credit and 2. be ready to act when the opportunity presents itself.

Now go help your cleints make some money!

Hope this helps,

Dan Dowling

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Rainer
130,559
Al Maxwell
Keller Williams - Marietta, GA
Real Estate Agent
Dan...good suggestion. I've seen such deals and many people don't realize how motivated builders can be to sell those last few homes.
Sep 25, 2007 12:54 AM #1
Ambassador
589,213
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"
Hey Dan..you make it sound so easy....
Sep 25, 2007 12:56 AM #2
Rainmaker
281,779
Mike Mitchell
Real Living Kee Realty - Saint Clair Shores, MI
REALTOR (R)
Dan - what a deal! There are alot of opportunities like that in this market. Like you said, you need to act fast on them.
Sep 25, 2007 01:03 AM #3
Rainer
139,927
Kelly Sibilsky
Licensed Through Referral Connection, LTD. - Lake Zurich, IL
Dan, wonderful positive success story. Keep spreading the word...before you know it, buyers will be kicking themselves for not buying when they should have.  It was only a short time ago that my buyers were consistently in multiple offer situations...now, not so much. What more incentive do they need?
Sep 25, 2007 01:04 AM #4
Rainer
96,751
New Jersey Real Estate James Boyer Morris, Essex & Union County NJ Realtor
RE/MAX Properties Unlimited, Real Estate - Morristown, NJ
I see a downside here, the next buyer is going to demand that kind of price as well.  what is to keep the price at the higher level?  If none sell at that higher level soon, your comps are likely to be 231K and the appraisals will reflect that as well.
Sep 25, 2007 01:35 AM #5
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Rainer
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Dan Dowling

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