Being a Birmingham AL Real Estate Investor is Like Being an Olympian
Do you ever watch the Olympic games? If so, do you think for one minute that any participant in his/her respective sport is contemplating how s/he can do less than their best and still walk away with the gold? Olympians play to win and so should you.
A question that real estate agents get asked probably more than any other question is: Will the seller take less than the list price? Of course we can't answer that question because we have know way of knowing. However here are some bigger and/or more relevant questions for the Birmingham, Alabama real estate investor:
- How badly do you want that house?
- If you plan to flip this house and gain thousands on the sale, will paying full price really make that big of a difference?
- If buying a rental property how long will it take you to recoup the money that you are trying NOT to spend?
Why Consider These Questions?
These questions are extremely important here in the Birmingham, AL area because you can buy an investment property for a flip for less than $20,000. Heck around here, you can buy a rental or as little as $2,000. No kidding. Really, no kidding. Your eyes are not deceiving you. I put the comma in the right place.
I know that as consumers we all want "a deal" when we spend our hard earned money. But when it comes to real estate, especially investing in real estate, an investor has to realize that there are other investors out there that thinking lowball just like you. As such, you've got to beat them at the game and then outsmart your competition.
Let's Talk About the Sellers
Don't think for one minute that the seller "should be happy that they are getting an offer." Chances are the seller is getting many offers and they don't have time for lowball and throw and stick games. They want to cut to the chase and select the best offer to maximize their net NOT yours.
The Numbers Game is a Strategic Game
If you are a real estate investor or home buyer in the Birmingham Alabama real estate market, who is just throwing numbers out there to see if they'll stick, then we'll know and if you really want that house, we'll advise against throw and stick method of buying a house. We'll recommend that you use proven strategies to get that house. Why is that? Well because you've hired us to find a house that you want to buy. It's just that simple.
For sure real estate really isn't a gamea and clearly I am using the term as an analogy. As such your practice session would be studying the market using the data provided by your real estate agent. And when you get in the game, you remember what we practiced and use that information to win at your craft.