Posted by Laure on May 28, 2000 at 08:43:49:
I don’t see a deal. If the houses are selling fast, then they won’t be motivated to deal with you. Now, if they want to move TODAY, then there might be some motivation. But if they are willing to wait through a couple of months, there is no deal here. If they Need to move right away, then go in with a L/O and they would need to take a discount on their asking price. I wouldn’t even concider it without more than 10% reduction in price. After all, a realtor makes 7%. And what will it rent for? What will your cash flow be?
Don’t ever forget… BUY LOW, SELL HIGH. You CAN’T make it up on the volume !