We are handing out a list of distressed properties as a way to get people in the door to talk about realestate. Unfortunately it seems that most are just casual curiosity seekers. They are really not looking to buy but to talk about buying. I keep thinking someone will actually want to make a purchase, but mostly it seems we are just showing to most with no real intention of making a purchase. It is a good way to generate interest, but I sure hope we make it a little profitable.
I know what you mean - I have a bunch of so called buyers that keep hovering around but I do not consider them quality buyers. Maybe they think the market will get even better for buying, maybe this is the only hope they've had of buying in years, but they're still a long way off. WHo knows? It's getting old, though...
Here in Upstate SC we're seeing that it's tough to get financed on distressed properties right now, and our cash buyers all share the opinion that it's best to start buying when the market starts to rise again. Noone knows where the bottom will be here (we haven't seen much of a fall yet), and the best way to make money is to wait on a slight upturn, then BUY, BUY, BUY! Hopefully, we'll still be in front of them at that time!!
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