Re: Anyone ever had this problem? - Posted by Jim IL
Posted by Jim IL on January 25, 2001 at 21:08:27:
I agree with what was said in the other responses here.
The only thing I would add is to do some low cost marketing yourself as well.
Make some flyers up for the home, place them out front with some details on it. Then when people go see the home or drive by, they have the info needed to see if the deal works for them.
You can also place the flyers at local apartment complexes, grocery stores, laundrymats, and wherever a possible T/B’er may be.
I’d also place a sign in the yard of the home, if you have not already, as well as signs at the intersections leading to and from the home.
You can get cheap FSBO signs and add “Seller financing” or “Rent to own” to them with a large permanent marker.
I also know the market is slow here now, so it may be in your area as well.
In summer months I almost never hold a home for more than 2 weeks, tops.
Winter however is a lot slower, and this is why we negotiate different terms during this time.
You need to allow for holding the home longer when you buy, just in case.
P.S. You may also offer something in return.
If you want to get the $3500, advertise that with the $3500 down, the buyer gets a free Microwave, or some other small household item.
Then, use there money to buy it for them.
Does the home have appliances in it now?
Take them out, and advertise the home for $3500 down, and FREE appliances.
Give the buyers some incentives and they may be more interested. Make them think they are getting a deal.