7 More

Posted On 6:51 AM by Scott Costello |

Sorry I didn't get a chance to post my usual Monday entry. I was busy all day with work at my JOB and then doing more work for my brother when I got home.

This past Sunday I was able to hit 7 open houses! I'm definitely getting more comfortable talking with realtors/agents. I can tell, because I'm spending more time in the houses. This is good because you get to talking about the market and can then get a good handle on what is selling and why. More then a few times the Agents mentioned that Rentals in the area are hot, and that they have people lining up to rent houses. I got quotes from any where from 2000/mo to 4000/mo. I would still have to get a smoking deal to make that cash flow, but you never know.

In the conversations, I've been throwing out that I'm getting into investing so I can gauge there reactions. A few of them have worked with investors before or have dabbled in it themselves, but most so far just kind of smile and ask what I'm looking for. When I tell them, they just nod there head or talk about the great house they are selling for just under retail value. They all, with out fail mention short sales though. It's fun though and I can feel my confidence building.

One of the Agents mentioned that Coldwell Banker was going to be having, what they called, discount week starting October 5th. The idea is that they would ask the sellers what the lowest price they would accept and then advertise a bunch of those houses at "big discounts" for one week only. The discount being the difference between current list price and what the seller said is the lowest they would accept. Kind of like what Hovnanian did last year with their 25% discounts. I don't really understand how it's going to work, but I'll check it out when it hits.

Does anyone have any opinions about what Coldwell Banker is doing? I'd like to hear them.

have a good Tuesday!

PS - I seriously have to get some business cards!

PPS - Open House Count: 24
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