Being a Birmingham AL Real Estate Investor is Like Being an Olympian

By
Real Estate Agent with Keller Williams Realty

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/herOlympian Real Estate Investor 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:  

  1. How badly do you want that house? 
  2. If you plan to flip this house and gain thousands on the sale, will paying full price really make that big of a difference?
  3. 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.

Go ahead and start your investment property search or your next owner occupant home search.  We'll find the one that's just right for your needs and then we'll play to win.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Alabama
Groups:
Bananatude
Tags:
real estate investing
31dc

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,294,554
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Charita - So true here in CT at the moment - there is a lot of demand for the "good stuff" and very low inventory.  

Mar 08, 2013 09:44 PM #1
Ambassador
758,837
Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

Dagny a lot of the problem is that many of the new investor's are not properly planning based on any type of well defined financial plan and some are just doing what they think investors do.

Mar 09, 2013 05:36 AM #2
Rainmaker
463,756
Sondra Meyer:
Star View Real Estate - Colorado Springs, CO
See It. Experience It. Live It.

Charita,

Good post.  The best investors know their numbers.  As you said, they have a well defined financial plan.  They also know that they are competing against other investors that also know what numbers are needed to make something work for them.   

New investors must realize that the "professional" investors have probably snapped up all the true "bargains" before the property ever gets listed.  It is amazing how professional investors listen and find out what is going on with different properties.....

I like you analogy to Olympians.  I wish I could develop and keep that same determined winning mindset that Olympians have.   

 

 

 

Mar 09, 2013 11:37 PM #3
Ambassador
758,837
Charita Cadenhead
Keller Williams Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

Sondra you comments compliment the post very well.  Investors best practices:  let the numbers guide your decision.

Mar 09, 2013 11:44 PM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
758,837

Charita Cadenhead

Serving Jefferson and Shelby Counties (Alabama)
Ask me a question and expect an answer.
*
*
*
*
Spam prevention

Additional Information