A Good Deal Is When You Buy, Not When You Sell

By
Services for Real Estate Pros

Very simple concept but not well-practiced by most people.  

Consider, if you can buy something that is worth $100 for $70 and later sell it for $120, you just made a profit of $50.  Okay if the market isn't so good, and you only sell it for $100, you still make $30.  Even if you have it sell it for $70 (don't forget it is still worth $100), at least you are breaking even but you wouldn't do that unless you have to.

This is why we always shop for deals in real estate.  The experts in buying the distressed properties, short sale and/or from foreclosure auctions all follow this simple concept.  Good deals don't come by easily but they are out there everyday.  Buying at the regular price is not a good deal.  Smart investors even buy their homes from auctions so they can maximize the return when they sell it.

A Good Deal Is When You Buy, Not When You Sell - Because by the time you want to sell, it is already a good deal to begin with.


Eric Shen

Owner/Operator, Developer, Archiect, Design-Build Contractor, LEED Accredited Professional

Please contact me if you have any question on development, architectural design and construction, I will be glad to help.

www.integrateddeveloper.com

Comments (1)

Letitia Stevenson
BHHS Fox & Roach | www.DelawareValleyRE.com - Greenville, DE
Listing Agent DE/PA/MD, Digital Marketer & Coach

Eric, Thanks for Sharing & Welcome to the Rain! Active Rain is a great place to share your knowledge, expertise and thoughts, as well as network and learn so much from the vast pool of talent already onboard. I look forward to reading your upcoming posts. If you would like to connect with me on ActiveRain, please subscribe to my blog! Welcome Aboard & Much Success!

Jun 22, 2012 04:18 AM