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Updated over 10 years ago on . Most recent reply

User Stats

186
Posts
48
Votes
Viktor R.
  • Investor
  • Lynnwood, WA
48
Votes |
186
Posts

Need help with finding cash buyers

Viktor R.
  • Investor
  • Lynnwood, WA
Posted

I currently have a house under contract [...] and I need to find a buyer for it. I've put the ad on craigslist, contacted my buyers list, but I still don't have a response. I know it's a good deal! 

Most Popular Reply

User Stats

203
Posts
93
Votes
Bryan R.
  • Tacoma, WA
93
Votes |
203
Posts
Bryan R.
  • Tacoma, WA
Replied

If your buyers aren't interested consider that maybe it isn't really a deal, or just marginal. A real deal will have people jumping all over it. I get a lot of "great deal, act fast!" emails sent my way. Ones that actually make sense are few and far between.

Finding buyers: Go to the Snohomish and/or King county trustee sale on Friday and hand out your card. You'll find more real cash buyers than you need there. Bring a flyer with your property on it.

I looked at your marketplace post. Some thoughts:

  • No address. Having to contact you for the address to lookup the property is just one more step. Plus I have to wait for you to reply. It slows me down, if I'm feeling lazy I may not bother. Put the address up.
  • You estimate profit without estimating rehab. That doesn't work. At least put a rehab range in so we know how what kind of project it is. Or if you're not comfortable doing that (which is fine), don't estimate the profit.
  • Describe condition of property - structure, roof, window, electrical, plumbing, HVAC, finishes. What kind of rehab does it need? Paint and carpet, full gut, cosmetics?
  • No pictures. Your picture link requires a login. Find somewhere else to host pictures.
  • 139k acquisition for 230k resale. 90k spread. From your post here sounds like it needs a fair bit of work. Doesn't seem like a very attractive deal.

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