The link below is about a guy here in the Tampa Bay area who attempted to hide behind the guise of being a "real estate investor". This person gives a bad name to real estate investors who are hard working and honest. Mis-applied knowledge in the hands of fools is dangerous. This guy is no closer to being a real estate investor than the guy on the street corner selling industrial grade silicone is a plastic surgeon...
http://www.tampabay.com/news/publicsafety/crime/man-accused-of-turning-foreclosed-homes-claimed-by-adverse-possession-into/1073940
Tuesday, February 23, 2010
Tuesday, July 21, 2009
Seller Motivational Scale
Seller/Exchanger Motivation Scale
As a Seller of real estate, what are you willing to do to close the transaction and move on? In a strong Seller's Market the top half of this chart dominates। In a declining or "soft" market, the mid portion begins to show influence। In a Buyer's Market, the lower portion dominates। Each Seller's indivdual circumstances will ultimately determine their level of motivation।
As a real estate investor, I have utilized many of these techniques
Won’t sell - Exchange only - Wants to do a 1031 exchange to avoid paying capital gains taxes.
Price firm (All cash or cash to loan) - The traditional method used by most real estate brokers.
Price firm (Cash and paper to loan)- They feel the need to receive their price, but will be flexible enough to put the deal together.
Price soft (Cash and paper to loan) - Are flexible with price and willing to find buyers who may not be able to qualify for conventional financing.
Paper for Equity - Willing to be the banker and know they can use the paper to exchange, or use as an option, sell the paper, and use it as a down payment for other property.
Will take free and clear land for equity - They use the land as a bank for their money, it doesn’t cost much to hold and they know it most likely will go up in value over time.
Anything of equal and verifiable value - Very flexible method to move out of a property that may be out of your area or you just don’t want to bother with it anymore.
Anything of value for equity - Very flexible method to move out of a property that may be out of your area or you just don’t want to bother with it anymore and are even willing to take a loss.
Will walk from equity - The property is costing you money, may be in foreclosure, or may be behind in payments, etc.
Will pay to walk from equity - The property is costing you money, may be in foreclosure, or behind in payments, to settle a divorce or partnership, etc. Most likely reason is it will give you peace of mind.
If you are competing against foreclosures, short sales, and an increasing inventory of available homes for sale, what are YOU going to do to attract a Buyer?
As a Seller of real estate, what are you willing to do to close the transaction and move on? In a strong Seller's Market the top half of this chart dominates। In a declining or "soft" market, the mid portion begins to show influence। In a Buyer's Market, the lower portion dominates। Each Seller's indivdual circumstances will ultimately determine their level of motivation।
As a real estate investor, I have utilized many of these techniques
Won’t sell - Exchange only - Wants to do a 1031 exchange to avoid paying capital gains taxes.
Price firm (All cash or cash to loan) - The traditional method used by most real estate brokers.
Price firm (Cash and paper to loan)- They feel the need to receive their price, but will be flexible enough to put the deal together.
Price soft (Cash and paper to loan) - Are flexible with price and willing to find buyers who may not be able to qualify for conventional financing.
Paper for Equity - Willing to be the banker and know they can use the paper to exchange, or use as an option, sell the paper, and use it as a down payment for other property.
Will take free and clear land for equity - They use the land as a bank for their money, it doesn’t cost much to hold and they know it most likely will go up in value over time.
Anything of equal and verifiable value - Very flexible method to move out of a property that may be out of your area or you just don’t want to bother with it anymore.
Anything of value for equity - Very flexible method to move out of a property that may be out of your area or you just don’t want to bother with it anymore and are even willing to take a loss.
Will walk from equity - The property is costing you money, may be in foreclosure, or may be behind in payments, etc.
Will pay to walk from equity - The property is costing you money, may be in foreclosure, or behind in payments, to settle a divorce or partnership, etc. Most likely reason is it will give you peace of mind.
If you are competing against foreclosures, short sales, and an increasing inventory of available homes for sale, what are YOU going to do to attract a Buyer?
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