{"id":5343,"date":"2008-09-23T02:46:48","date_gmt":"2008-09-23T07:46:48","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/09\/23\/why-some-foreclosures-never-get-on-the-market\/"},"modified":"2008-09-23T02:46:48","modified_gmt":"2008-09-23T07:46:48","slug":"why-some-foreclosures-never-get-on-the-market","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=5343","title":{"rendered":"Why some foreclosures never get on the market?"},"content":{"rendered":"
by Jesse Davis<\/div>\n

Let’s say you are looking at a REO for which they want 25k and they have just come down from 29k. The bank apparently did not really look at the property because it isn’t worth the asking price. The only good part of the house is the structure; the house would have to be gutted to rehab. You don’t want to do it yourself but you would buy it to flip if your low ball offer on it got accepted.<\/p>\n

You would not be interested otherwise, but you don’t want to let this property go just yet. The interesting part is a realtor who listed it didn’t put a sign in the yard. No one knows the house is even available. Besides, sales comparables are 45-106k after rehab.<\/p>\n

You are wondering why there is no sign in the yard? For one of two reasons. One could be simply that the realtor is lazy.<\/p>\n

Reason two. If a realtor knows what he is doing, it means he has investors or friends he is trying to hold the house for. Then they may hope no one notices the property and they will get to sell it to their buyer who buys all the time from them and closes all the time. They may know it needs to get to a certain price range in order for their buyer to pick it up.<\/p>\n

This happens all the time and frankly speaking, that is just business based on good relationships<\/a>. You eventually want to be that kind of person. This kind of relationships is the reason why one has a success in real estate<\/a> business. They are not hard to build but it does take some skill.<\/p>\n

\n
About the Author:<\/div>\n
The author, Jesse Davis is an expert wholesaler in the Jackson Mississippi Real estate Market. Go here for tips on how to wholesale Real Estate and<\/a> to get a free audio on Wholesaling Real estate<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Let’s say you are looking at a REO for which they want 25k and they have just come down from 29k. The bank apparently did not really look at the property because it isn’t worth the asking price. The only good part of the house is the structure; the house would have to be gutted to rehab. You don’t want to do it yourself but you would buy it to flip if your low ball offer on it got accepted.<\/p>\n","protected":false},"author":1303,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[77],"class_list":["post-5343","post","type-post","status-publish","format-standard","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1303"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5343"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5343\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}