The End Is Near!

For a few years now, I have been coming across ads where a home Owner, considering selling their property, can do so without the aid of a local real estate professional.

It's a sad, sad day when another career is doomed by the Internet.

Below is just the latest I have come across that makes it sound super easy to sell your house and save big time on that nasty Sales Commission.

The End Of The Real Estate Professional!

But, since most of these sites will only offer you a low ball price, you are risking losing that sales commission in a lower offer and acceptance.

So, is selling your house (supposedly) hassle free worth it?

Real Estate has in the long run become the same as selling your car.

You want the most money you can get for it, but are you getting the most?

These "hassle-free" sales tactics, are just that: tactics.

When you "trade-in" a car at a dealership, the dealership usually only will value your car at about 65% of Low Blue Book value.

Why?

Because they want the equity -- if any!

The same applies to these hassle free real estate sites.

Hey, I will give you cash right now for your house!

(But, it's the cash amount I want to pay you, not the cash amount your house is actually worth.)

So, go ahead.  Sell your house to one of these sites.


Sure, you will be saving money you weren't going to receive anyway.

But, it's a deal! -- To the Internet buyer!

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

It Escapes Me Why Investors Pass on This Steal of an Opportunity!

It's a 10.969% Ca Rate!

There is plenty of room within this investment to see a very good Return On Investment (ROI).

So, why are investors so determined to low ball and steal equity from an Owner?

It boggles my mind!

The Owner has already given in to losing some of his earned Equity; but he is mindful to keep some.

The Three Motels can be acquired at a 12.9% Cap Rate!

Starlite Motel

The Economy Motel

The Casa Blanca Motel

Yet, the Studio Apartment property is the one property ALL of the Investors want; but they keep low-balling even when presented Comparable Evidence their offers are way, way too low.

Alpine Motel Apartments

I'm flummoxed.

So, I will keep trying to obtain a Market Value Offer and Close on these properties anyway I can.
It's a Steal either way it is bought; and a loss to the Owner, still.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!

When I get ready to Sell, you are my Broker!

On a 33 minute phone call this AM, a Land Owner here in Las Vegas was filling me in on his plans once one of the land parcels he owns sells.

And, during that call, while discussing the situation about the land and the ground leases he has on it, I casually (I thought it was casual) mentioned he should "list" the land with me so I can begin marketing it for him.

I wasn't ready for his reaction.  It wasn't a bad reaction, it's I forgot one of my main rules.

When discussing real estate with a client, pull don't push. (I don't have them numbered like Gibbs of NCIS!)

So, the suggestion didn't land well.  OR, it was taken (slightly) out of context.

He said he wasn't ready. (Which I knew.)
He said he hadn't pre-planned the up swing of selling, yet. (Which I knew.)
And, "He had to get his "shit" off the land so it could be ready to sell." (He thinks that will take a couple of months.)

Vegas Vicky has nothing to do with the post, but I thought it interesting.

Now, he did disclose his up swing (his words) and that shall remain between him and me.

He's a smart man, ran a large company supplying equipment to developers, and made millions through the years.

Anyway, after he (I think it was politely) chewed me out for pushing him, he said you are the best broker I have ever dealt with.

He said, he liked me from the first day we met because I was an honest broker and he has been involved with a lot of brokers who are more concerned about their commission checks than what's best for the client.

I said, Thank You! Adding, I was just thinking out loud about what we could do to market your land.

He then said, "Don't worry.  When I am ready to Sell, you are my Broker!"

Phew!

Since the middle of last summer, when I first approached him, I was weary about him given he is an old, old Las Vegas (local) resident.

When I first moved to Las Vegas, an existing Broker I interviewed, said, "Don't treat the locals as if they are country bumpkins.  It will come back to bite you later on."

He added, "They know what they are doing and treat them as if they are smarter than you."
I've taken that advice seriously.

With that having transpired, I will wait my turn to help him Sell his M-1 Land.

To Contact David Howes try: davidATdavidhowesDOTnet OR; 7 0 2 5 01 9 3 8 8 AND Please #Follow David on Twitter: @DavidAHowes Have a nice day!