Strategy #1: Act Fast (And How To Do It!) Click on every cylinder to generate a deal in this competitive space. MLS listings draw substantial interest in the first 24 hours. You have a very brief timeframe to submit and get your offer accepted. ![]() Here is how to effectively “act fast”… Auto-Update On New ListingsĪuto-notifications are a competitive advantage in hunting MLS deals. Set-up alerts for new listings, cancellations, and price reductions. You can’t act immediately without near instantaneous knowledge. Set up notifications for listings (through MLS, not through sites like Zillow that lag behind). Filter out property that doesn’t fit your investment criteria (price range, property type, geography). Otherwise, you will be bombarded with too many properties to review. Submit Blind Contracts The First Dayįirst of all, real estate agents don’t always want to show the property! Motivated sellers often wish to sell immediately. If an offer comes in at a fair price, contracts can be signed the same day (even in a few hours).Ĭonsequently, you may waste quite a bit of your life (and gas money) trying to see the property that you don’t have under contract.īy the time you go out to the property, look around, and drive home it may already be under contract with another buyer that submitted a blind offer right away. ![]() Worst case scenario with a blind offer: they insist you see the property and reject your offer. Life Hack: If an agent insists you see the property before accepting an offer, send a service like BPO Photo Flow. You get charged $25 to $50, but that’s a small amount to save a few hours and get the contract signed fast without physically going to the property. With pictures in hand, it will be easier to speak with cash buyers if you’re wholesaling and to general contractors if you’re flipping. Work this correctly and you can close a deal never visiting the property.
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