HomeVestors Knows That Making An Offer Requires Calculation

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Investors need to be through in their calculations when making an offer on a property.  This value can’t be too high or too low.

Dallas, Texas HomeVestors is the nation’s number one home buying franchise and has helped real estate investors purchase 50,000 properties over the years.  The company knows thatmaking an offercomes down to taking the time to properly analyze the real estate market and understanding where their profit margin lies.  In order to do this correctly, it is essential to understand the comps in the area, take the condition of the property into account and understand the direction of the market.  It is also important to understand a seller’s level of motivation and find a way to purchase the property below market value.  When making an offer on a property it is important that it is low, yet not too low, in order to avoid insulting a seller.

Those investors who are making an offer on a property in their immediate vicinity are generally well aware of the property values in that area.  These investors do their research and understand the comps in that area.  A good rule of thumb is to purchase a property for at least 20% below the market value.  The only way to do this is to find a seller who is desperate to sell their property.

Finding desperate sellers is likely to make up an investor’s entire marketing strategy, as this is where the money is.  When dealing with these desperate sellers it is important to make them an offer quickly and give them a reason to close the sale.  Sellers who are desperate are looking for a quick sale and investors who understand this will do what they can in order to close the sale rapidly.

Even though desperate sellers generally understand what their property is worth, they realize that they are unlikely to receive this when selling under such a situation.  Investors who understand exactly why a seller is selling can cater to their needs and make them an offer, while closing in as little as a week.  Many desperate sellers are attracted by the concept of a cash sale so an investor should make it known that this is the casewhen making an offer.

When making an offer, understand that most sellers are not willing to accept a price below market value. If a seller is unwilling to make the purchase profitable for a real estate investor, an investor needs to move on and find a better property.

About HomeVestors of America Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S., with 50,000 houses bought since 1996. HomeVestors trains and supports its independently owned and operated franchisees that specialize in buying and rehabbing residential properties.  Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community.  In 2012, for the seventh consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction.  For more information, visit www.HomeVestors.com.

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