Posted by phil fernandez on April 25, 2000 at 19:22:03:
Mark,
Excellent post. That’s one I’m pasting to my bathroom mirror.
what to say to this question - Posted by Brian_CA
Posted by Brian_CA on April 25, 2000 at 11:24:25:
Can anybody give any advice on what to say when a seller asks, “how are you gonna buy a house you never seen before?”
Re: what to say to this question - Posted by Bill Gatten
Posted by Bill Gatten on April 26, 2000 at 21:00:09:
I like Mrk’s answer.
What I’ve always said to this question, is: "…I probably wouldn’t (buy sight unseen). If we can settle on some preliminary financing terms, I have an opening this evening. What’s a good timefor you? About 5:30…or would 5:45 be better?
Bill Gatten
Re: what to say to this question - Posted by Bill (OH)
Posted by Bill (OH) on April 25, 2000 at 20:40:18:
My reply: ‘Why not? That’s what I have appraisers for!’
Re: what to say to this question - Posted by Mark (SDCA)
Posted by Mark (SDCA) on April 25, 2000 at 11:45:30:
I would say 2 things:
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That depends entirely on what you need? Do you need all your cash now? Then I will get financing. Would you prefer not to have to worry about the tax on a lump sum? Then I will work with you to find a way so that you can get your equity over time and thus reduce the tax burder for you.
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I would also say: I don’t NEED to see the house. I am not going to live there. I don’t care what color it is or what color the carpet is. I am an investor. I care about how much I can rent it for or how much I can re-sell it for. I DO care about the “general” condition it is. What kind of condition IS it in? What repairs does it need to make it rent ready?
Cheers,
Mark