Buying in a sellers market
Hello, I am a new investor in north Phoenix and I'm in the process of buying my first deal. I've already spoken to a broker, cpa, and various agents, and mostly finalized my business plan. My question revolves around buying in a sellers market. Houses move so quickly and are put under contract within a couple days of being on the market. Cap rates are being pushed down by large investors and list prices keep going up for less property. How do I find the right deal that works with my numbers and get the property under contract before the rest of the crowd? What are some tips and tricks to appeal more to the seller to accept my offer?
Thank you.
Most Popular Reply
Adjust your expectations to the realities of the current market. If you want properties cheape, that generally means needing to be all cash, no contingencies eith a 7 day close.
- Russell Brazil
- [email protected]
- (301) 893-4635
- Podcast Guest on Show #192
