So What Will Be The Next Best Step? Thanks
Hi I am new to REI so need your advice and comments. Thanks About 4 weeks ago, i put 10% deposit on a $240,000 property and will be signing the contract next week. My intention is to sell it before closing. This property was booked before it went on public sale and units 4 floors higher are sold around 310k when they were in about 280K-290K 4 weeks ago. 1. So what will be a fair value to price my property? 2. What is the best was for me to look for a buyer in such situation - selling before closing. 3. Should I use a real estate broker or advertise on my own? 4. What other creative options are there? 5. I read about simultaneous closing, how can I apply it in this case? What should I be aware of for simultaneous closing? Thanks and appreciate your time and your soonest response
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A quick flip is nice, but certainly not a sure thing. Hopefully, you have the resources to close. If you don't, you may forfeit your deposit, and possibly be sued for specific performance.
Do you have a network of prequalified buyers that you can introduce to the property?
Hi Shortslaepro:
Thanks for the reply .
i have no network of buyers now?
so what next?
start making phone calls. If not, you may have to assume the note, hold on and pay, refinance in a few months, the try to sell again.
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