All Forum Posts by: Rusil Patel

An fellow agent asked me this question so I came to BP in search of insight. Thanks everyone for your replies! @Dan Mackin good idea about looking at habits of an agent! 

Seems like the most direct way to get this info is go ask the LA, if we are looking at just one particular listing. 

I realize that MLS systems can vary by region, but is there a way to find listings that are approaching their listing expiration date? My intuition says that you cannot search this information in MLS, which kinda makes sense because in that case you would have tons of agents preying on such listings (that are about to expire).

Does anyone know a way to figure out when a listing is going to expire, other than by asking the listing agent? 

The way I see it, unless you have some contingencies in your contract that would allow you to back out of the deal safely, you have 1 of 2 options:

1.  Ask the seller for more time, they give it to you, and you push push push to find a buyer.  Maybe you need to scrub your numbers, or find another way to present the deal to your prospective buyers.  If you have potential buyers that are not interested, or seem iffy, then maybe there is some way you can re-structure the deal to make it work. 

2. Ask the seller for more time, they say no, and you probably lose your EMD if you can't perform.

Some basic, but good advice I received from a seasoned wholesaler was that you should not try to find a buyer for a property after you have it under contract.  Rather, you should work to develop a list of buyers, understand what their investment criteria are, and then find deals that appeal to them.  At the end of the day you must learn to size up a deal quickly, and know what your buyers want. By knowing your buyers, you can quickly know which of them would be interested in the deal even before you put it under contract.

I hope that helps!