Should I Lower My Price After 1 Weekend of No Calls!

If the property will actually SELL quickly at $110,000 and repairs are truly only $20,000 to bring that quick sell price than your numbers are right where they should be. A little less than 70% of ARV after repairs.
Since you have had no calls you might think of changing the location and wording of your add. Put it in real estate wanted and advertise a killer wholesale deal in real estate services. More investor type buyers look there than for sale by owner. Put the numbers in there with comps to back it up, average DOM and make your contractor available to perform the rehab with in your estimate if the buyer needs. Also post photos if you have not.
Contact REI clubs and let them know you have a deal. Look for properties that are under going a fix up and contact the investor/buyer and see if he needs another property. This way (NEVER MENTIONED) is THE BEST way to find real cash buyer rehabber investors period. You know these guys are real. I should sell that tidbit for $995!!!

What is the average DOM in the subject properties area??
Is you ARV the top amount possible or a quick sale price, 2% under market?
How long do you have? If no one is looking or calling it is hard to get feed back on the price!

Good luck, sounds like a good one!

Michael Mangham
MD Home Acquisitions LLC

for my area, CL hasn't been a huge driver for me. more tenant buyers than cash buyers. it's picking up though.

I also have moved quite a few through VDF (Virtual Deal Factory) (free site)

here's the link of resources

http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...

Blessings,
Jen

I did not mention "cash only" in my ad.

Rodney

I listed the ad the way and location you suggested to include investment clubs I'm associated with in my area.

Even went with an ARV of $95K playing it safe. Now the number's are just above the 70% but whatever happen to negotiating. I stated in the ad that I was willing to negotiate.

Even if I was off on the repairs no investor would know before viewing the property for themselves.

I will certainly post there as well.

Still need to call all my cash buyer's on my list. I have about 10 or so.

Rodney

Sounds like the deal is good. Just get it out to every one you can anyway you can. Do that drive for rehabbers, that is the best!

Good work!
Michael Mangham

It is early yet. Just want to sell quickly in a slow market.

Again Thanks!

Rodney

Rodney,

you need to have buyers before you start locking up properties; otherwise all your hard work may end up getting you no $$$

Even though the property that you have locked up may be a great deal, it may not be what investors are looking for...

Learning and progressing every day,

Valerie

Right you are. But when the sellers contact me as this one did, I don't want to shoot them down because I don't have a buyer for their particular property.

Thanks!

Rodney