Where do you see a faster buy?

Question

Pre-foreclosure or tired landlord?

Eliott Elias · Answer

Which ever is more motivated.

Lydia R. · Answer

Neither. Preforeclosure sellers are typically very unmotivated. They are looking for a solution. They want to keep their homes and will be looking for a way to do that. And tired landlords are not a category that can be discovered with data. Tired landlords are not like foreclosures or probates where there is a data point indicating what the distress is. No such datapoint exists for a 'tired landlord' so you are really just marketing to landlords that are most likely happy with their rental properties.

Real estate is about people. You arent making candles or selling t shirts. Its impossible to pick a caterogy and say oh yeah these people will sell. Its all a numbers game.

David Ramirez · Answer

Well, there's no one-size-fits-all answer to this, but if you're making me choose, I'd go with a tired landlord property. These landlords are often more detached from their properties, so they might be more willing to let go of it quickly. With a pre-foreclosure, the seller might be in a tough spot and holding out for a higher price, which could slow things down. But hey, every situation is unique!

Jerryll Noorden · Answer

hmm.. a tired landlord doesn't imply tired of their property.

It means they are tired of being a land lord. Or they are tired of their tenants.

And even if they were tired of their property, that still doesn't imply willingness to sell at a discount.

A tired landlord assumingly wants to sell.. (not really... but for the sake of argument, let's go with that), So.. fix it up, clean it up, list it on the MLS fo rmarket value and get your equity out no?

Why give your equity away to a wholesaler?

Jerryll Noorden · Answer

Doesn't work that way.

Your question implies, which of these groups contains more motivarted selelrs.

Not only can noone answer this because toy you a foreclosure is no reason to sell a house but to someone else it may.. so it depends on the person,..

but more than that..

NONE of these lists target motivation, right?

Tired landlord doesn't imply motivated selelr, and  neither does a pre-foreclosure.

So which one is a faster sale, it is like asking,

which one is better an ant or an orange?

:)

Where do you see a faster buy?

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