Posted by phil fernandez on May 15, 2000 at 10:58:54:
There are deals in every market throughout the country. Each local market is different in it’s pricing. However creative real estate techniques work in a higher priced market also. The numbers are just different.
First you have to learn your local market like the back of your hand. Only after knowing your market can you recognize a great deal.
Even in hot seller’s market’s there are people that need to sell quickly. Divorces, job transfers, behind in mortgage payments, deaths and many many over situations where owners need you to take their properties off their hands.
You may be looking at unmotivated sellers. The motivated ones, like the ones I mentioned above often will discount their prices substantially.