It has become harder than ever to sell
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This article focuses on identifying buyers with cash for your real estate deals. Specifically, we focus on how to market and successfully sell wholesale deals.
You must identify qualified buyers
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Here are the steps involved in identifying buyers:
1) Build a buyers list
This is a
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In order to build a good buyers list, you must have a real estate investor website that is fully equipped with the ability to automatically build your buyers list as you sell your houses.
The first thing you do when you get your next deal is to email it to your buyers list. Chances are you will get a buyer from that list. Many times I have found buyers the same day I email my deals to
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2) Market aggressively
Most real estate investors do not adequately market their properties. It is necessary to run a marketing campaign for every property you get even if you have a buyers list.
Of course, always make sure you include your website address where they can view the properties, and sign up to your buyers list.
Run ads on marketing websites like
Law firm plans to ditch tape Craigslist and other real estate websites. You can run ads in your local papers for $200 to $500.
Again, do not provide a phone number, instead provide the web address to your real estate investor website where you have the property listed. If you do provide a phone number, it must be a voice mail that re-directs them to your website
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I always make sure they cannot view full property details until they join my buyers list.
you can end up with hundreds of potential buyers this way.
3) Pre-qualify potential buyers
Most real estate investors get excited when they get a potential buyer. They are just potential buyers until I know they have money to close.
When I talk to
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"Cash" is not enough. Is this cash in their bank account? Did they just sell a property? Do they have a line of
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In other words, I must see proof of funds.
If someone is hoping to get a mortgage from their bank, they are not potential buyers of real estate wholesale deals. They must have ready cash and can close quickly.
4) Follow through to closing
I then sign a contract with the potential buyer. I must collect a cashier's check for the earnest money. I take a minimum of $500 which they stand to lose if they do not close, but which is credited to them at closing.
Be sure to keep up with the closing process and ensure 22 the money is available when expected. As always, time is of the essence in closing wholesale real estate deals.
Learn how you can buy and sell houses from an automated real estate investor website that both pre-educates potential motivated sellers and house buyers, while automatically building buyers lists for future properties you may have for sale. Visit:
http://www.realestateinvestorswebsites.net