OfflineGood morning, DG family. I will be closing on a short sale property on or before May 30th, 2011. My exit tactic is to wholesale this one as I'm currently in the process of starting my first rehab next month, and possibly another this month. I've already begun talking to end buyers for the short sale, but when is a good time to aggressively market this property? Wells Fargo is the lender I'll be closing with.
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I am going to say that you may wnat to begin your marketing as soon as you lock up the property because this is a business of numbers. If your investors are interested then they will let you know and in the meantime you can build your buyer list. Do you know what your buyers are looking for? Does this property fit any of their criteria? If you do not know these answers, maybe you should interview your buyers so you are able to search for their "gems" which in return should allow your to assign deals much faster.
Randall Budde
http://centralparealestate.usapropertywholesale.com/
All Advice is Greatly Appreciated! Please help me learn.
Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind. - Dr. Seuss
Randall, I appreciate your response. I have a medley of folks with different criteria that I can speak with. Just to run the numbers by everyone who views this:
Purchase Price: 67K
Renovation/Update Price: 28K
Average Selling Price: 156K