Comments on: Where Are The Buyers? http://craigfuhr.com/where-are-the-buyers/ Real Estate Investing Maryland | Craig Fuhr Coaching Tue, 12 Jul 2011 02:51:00 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Luis http://craigfuhr.com/where-are-the-buyers/comment-page-1/#comment-2402 Luis Sat, 07 Aug 2010 11:55:09 +0000 http://craigfuhr.com/?p=1080#comment-2402 Craig, I will be in your area next week and I would love to be able to shake your hand and if possible take a look at one of your projects. Please email me to see if we can work something out. Thanks. Craig, I will be in your area next week and I would love to be able to shake your hand and if possible take a look at one of your projects. Please email me to see if we can work something out. Thanks.

]]> By: Tucker http://craigfuhr.com/where-are-the-buyers/comment-page-1/#comment-2399 Tucker Sun, 25 Jul 2010 01:59:36 +0000 http://craigfuhr.com/?p=1080#comment-2399 Yea there are vultures in my market as well....but my favortie are the the FHA buyers vultures who are fresh out of a Robert Allen seminar. We have been quietly pushing pretty good volume out here for the past year and a half, but as you know the name of the game is volume, some are singles, some are doubles and every now and again you hit a dinger. So at the end of the day if your turning the money over there is money to be made. I'll let you know if we run across an big dollar stuff that's worth a look. I have been eyeing a few that have hit the auction block over the last few months....which seems to be the best way to acquire them out here. Yea there are vultures in my market as well….but my favortie are the the FHA buyers vultures who are fresh out of a Robert Allen seminar. We have been quietly pushing pretty good volume out here for the past year and a half, but as you know the name of the game is volume, some are singles, some are doubles and every now and again you hit a dinger. So at the end of the day if your turning the money over there is money to be made. I'll let you know if we run across an big dollar stuff that's worth a look. I have been eyeing a few that have hit the auction block over the last few months….which seems to be the best way to acquire them out here.

]]> By: Craig Fuhr http://craigfuhr.com/where-are-the-buyers/comment-page-1/#comment-2397 Craig Fuhr Sat, 24 Jul 2010 21:43:06 +0000 http://craigfuhr.com/?p=1080#comment-2397 @Tucker. Thanks for the comment Tucker. Sounds like your doing some pretty good volume out there in Oregon. If you come across any luxury deals $1Mil plus that you want to wholesale or partner on, let me know.<br><br>It does suck to lower the price, but it sucks even more to have a house sit on the market. In my market, you can smell the vultures after 30 days. The longer the house sits, the more vultures. @Tucker. Thanks for the comment Tucker. Sounds like your doing some pretty good volume out there in Oregon. If you come across any luxury deals $1Mil plus that you want to wholesale or partner on, let me know.

It does suck to lower the price, but it sucks even more to have a house sit on the market. In my market, you can smell the vultures after 30 days. The longer the house sits, the more vultures.

]]> By: Craig Fuhr http://craigfuhr.com/where-are-the-buyers/comment-page-1/#comment-2398 Craig Fuhr Sat, 24 Jul 2010 21:40:11 +0000 http://craigfuhr.com/?p=1080#comment-2398 @Luis. Thanks again for commenting Luis. I took a look at your link above. The place look real nice. Good luck with the sale. As I always say - make your house the VERY best on the market in terms of its competition. @Luis. Thanks again for commenting Luis. I took a look at your link above. The place look real nice. Good luck with the sale. As I always say – make your house the VERY best on the market in terms of its competition.

]]> By: Tucker http://craigfuhr.com/where-are-the-buyers/comment-page-1/#comment-2394 Tucker Sat, 24 Jul 2010 18:56:05 +0000 http://craigfuhr.com/?p=1080#comment-2394 I have had a simialr experience to you out here in Portland Oregon. We have 5 rehabs on the market and fortunately 4 of them are pending at the moment....but I had to work pretty hard to get the mid level priced ones to go pending...lots of showings but no offes. Also the feed back seemed to be extremely tedious (i.e. I could hear a car drive by, the pool wasnt clean enough, the grass is a slightly different color around the clean out). I just attribute this to lack of consumer confidence like you mentioned in your post. The only way I have been able to overcome this is reducing price, which sucks, but at the end of the day we are still moving properties quickly just for less profit on this round of deals. I am just going to make sure any buys I make moving forward are at an acquisition price of 5-8% lower than I would have paid pre-tax credit so that I can preserve my profit margins. check out my facebook group if anyone wants to see our product:<br><a href="http://www.facebook.com/#%21/group.php?gid=113419268668750" rel="nofollow">http://www.facebook.com/#!/group.php?gid=113419...</a> I have had a simialr experience to you out here in Portland Oregon. We have 5 rehabs on the market and fortunately 4 of them are pending at the moment….but I had to work pretty hard to get the mid level priced ones to go pending…lots of showings but no offes. Also the feed back seemed to be extremely tedious (i.e. I could hear a car drive by, the pool wasnt clean enough, the grass is a slightly different color around the clean out). I just attribute this to lack of consumer confidence like you mentioned in your post. The only way I have been able to overcome this is reducing price, which sucks, but at the end of the day we are still moving properties quickly just for less profit on this round of deals. I am just going to make sure any buys I make moving forward are at an acquisition price of 5-8% lower than I would have paid pre-tax credit so that I can preserve my profit margins. check out my facebook group if anyone wants to see our product:
http://www.facebook.com/#!/group.php?gid=113419…

]]> By: Luis http://craigfuhr.com/where-are-the-buyers/comment-page-1/#comment-2393 Luis Fri, 23 Jul 2010 18:56:00 +0000 http://craigfuhr.com/?p=1080#comment-2393 Lots of showings (13 in 60 days) so I know marketing is not a problem but no offers!! Well, I actually had an offer but financing fell through. There is a definite slow down here in Georgia BUT there are buyers out there. Rehab is full rehab (<a href="http://www.wealth-steps.com/home-flipping.html" rel="nofollow">http://www.wealth-steps.com/home-flipping.html</a>) and fully staged. However, I do see an increase in bank owned homes on the market once the tax credit went away. Which means I am competing against a lot of foreclosures. I cannot beat them in price so I have to beat them in quality and "move in readiness". Lots of showings (13 in 60 days) so I know marketing is not a problem but no offers!! Well, I actually had an offer but financing fell through. There is a definite slow down here in Georgia BUT there are buyers out there. Rehab is full rehab (http://www.wealth-steps.com/home-flipping.html) and fully staged. However, I do see an increase in bank owned homes on the market once the tax credit went away. Which means I am competing against a lot of foreclosures. I cannot beat them in price so I have to beat them in quality and “move in readiness”.

]]> By: Craig Fuhr http://craigfuhr.com/where-are-the-buyers/comment-page-1/#comment-2391 Craig Fuhr Fri, 23 Jul 2010 02:53:55 +0000 http://craigfuhr.com/?p=1080#comment-2391 What - no comments on the Scheddy Ball reference? Could be one of the top 10 SNL skits of all time! What – no comments on the Scheddy Ball reference? Could be one of the top 10 SNL skits of all time!

]]> By: Craig Fuhr http://craigfuhr.com/where-are-the-buyers/comment-page-1/#comment-2388 Craig Fuhr Thu, 22 Jul 2010 14:31:51 +0000 http://craigfuhr.com/?p=1080#comment-2388 @Brian: Thanks for commenting Bri. Look forward to seeing you on the Vips trip. I will agree that the formula you suggest above almost seems mandatory. For us its: great neighborhood + amazingly rehabbed house + staged + priced at comps or below = sale in 45 days or hopefully less. @Brian: Thanks for commenting Bri. Look forward to seeing you on the Vips trip. I will agree that the formula you suggest above almost seems mandatory. For us its: great neighborhood + amazingly rehabbed house + staged + priced at comps or below = sale in 45 days or hopefully less.

]]> By: Craig Fuhr http://craigfuhr.com/where-are-the-buyers/comment-page-1/#comment-2389 Craig Fuhr Thu, 22 Jul 2010 14:29:30 +0000 http://craigfuhr.com/?p=1080#comment-2389 @Steph: Always timely and always pithy - that's the Steph style I've come to know and love. Great talking with you BTW. And, yes. I've already committed to J.P. to bunk with him for the VIPS trip. He and I will be doing our reenactment of the scene from, "Planes Trains and Automobiles," where Steve Martin and John Candy have to share a queen size bed. <br><br>Guess who will be playing who? @Steph: Always timely and always pithy – that's the Steph style I've come to know and love. Great talking with you BTW. And, yes. I've already committed to J.P. to bunk with him for the VIPS trip. He and I will be doing our reenactment of the scene from, “Planes Trains and Automobiles,” where Steve Martin and John Candy have to share a queen size bed.

Guess who will be playing who?

]]> By: Craig Fuhr http://craigfuhr.com/where-are-the-buyers/comment-page-1/#comment-2390 Craig Fuhr Thu, 22 Jul 2010 14:25:04 +0000 http://craigfuhr.com/?p=1080#comment-2390 I'm with ya, Nate. I'm just one guy looking at my tiny little slice of the universe - but from where I sit, the calls have slowed considerably. Thanks for commenting, Nate Dawg! I'm with ya, Nate. I'm just one guy looking at my tiny little slice of the universe – but from where I sit, the calls have slowed considerably. Thanks for commenting, Nate Dawg!

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