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18d (edited) • Discussion
Dropped This Deal Quick Like a Red Hot Rock: Here's Why
When it comes to zero cost real estate leads, sometimes you get what you pay for.
Example:
Got a deal under contract recently for $305k that was listed at $440k.
Screaming deal, right?
Well, not exactly.
A visit to the property uncovered a few little “quirks” like:
- asbestos covered ducting
- no place for a dishwasher in the tiny cramped kitchen
- a non-conforming third bedroom only accessible through another bedroom
- generally not well presented or packaged, with debris around the front and back doors, dingy dark basement, mismatched fixtures etc.
Perhaps more to the point, my top cash buyers said basically, thanks but no thanks.
The beauty of the positioning though is I had nine days to decide before my earnest money “went hard”.
Fortunately, I let it go plenty early, hopefully building good will with the listing agent, and freeing up time to go after better deals.
Have you ever found a smokin' hot deal from a distance but upon closer examination turned out to be more like a steaming pile of er, shall we say... horse pucky?
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Dropped This Deal Quick Like a Red Hot Rock: Here's Why
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