Mistake number 6 on the short sale investor list is human nature. Especially when we are new at something there is an common fear of sounding like a fool.
Well, let you mind be at ease. When negotiating a short sale everything has to be in writing which is generally submitted long before you ever get [...]
Mistake number 5 of the intrepid short sale investor. This one is straight forward and should be obvious but about 80% of the real estate investors do not do this one.
Its keeping in touch with the homeowner! When you first negotiate you offer with the owners you need to set expectations. You need to let [...]
The forth major mistake real estate investors make when investing in short sales relates to the BPO. For those that are not aware of what a BPO is, it stands for a Broker Price Opinion. It is similar to having an appraisal but Realtors are not appraisers and by law can not place a value [...]
The third mistake that real estate investors make when doing short sale flips is really simple to fix and obvious but nonetheless most fail to do it.
So what is it right? It is failing to justify your offer to the bank. Meaning you don’t give any reasons your offer is what it is.
This is easy [...]
The second mistake investors make with investing in short sales is how they handle the incoming calls from sellers. you might be thinking how can you mess this up, well easily!
Most investors, especially new ones, are so excited that the phone has started to ring that they think if a seller calls they have a [...]
