Sold $30,000 Over List!

Posted on: Sat, 09/15/2012 - 23:26

Real Work

Site Participant

Posts: 93

Joined: 2010-10-09

Points: 390

Offline

Sold $30,000 Over List!

It appears to be a sellers' market in Los Angeles County. The properties my agent sent me had multiple offers and bidding wars. Properties appear to be selling for $30,000 more than the list price. How do I compete with that? How does my agent find desperate sellers?

Thank you,

Greg

__________________

by Real Work
Login to post comments

Posted on: Sat, 09/15/2012 - 23:38 #1

reinvestor42

DG Superstar

Posts: 2890

Joined: 2008-08-06

Points: 10091

Offline

its called

a bidding war

This happens all the time when too many ppl are interested in the same property - see ALOT of this at property auctions

This cuts Deep into the profit

Mike
see links below

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools

DISCLAIMER: Our DG site is here to provide real estate education, training and social networking without the promise/claims of earnings or return on investment. We don't offer tax, accounting, financial or legal advice. Before doing any real estate transaction, you should consult your own accounting, legal and tax advisors to evaluate the risks, consequences and suitability of that transaction. This site accepts and contains posts from our students, readers and the general public that we do not modify but also do not verify. There are no guarantees implied except where specifically stated.

Sold $30,000 Over List!

Member Login

Main Sections

Student Resources

More DG Resources