What did they pay for the home? Wholesaling houses continues to be incredibly popular, thanks to its reputation for low risk, big rewards and ease of getting into. Adam S on – Is there anyone living there now? Don’t leave it at that. Thank you for your insight. (confirm spelling)______________________________________________, In case we get disconnected what is a good number to call you back on?_______________________________, Do you happen to have a cell number? _________________________, What is the best time to call you back? ____________________________________________________________, Is the Home Vacant or Occupied? Would you be able to share a copy of your "seller lead sheet" with me. I hope this helps! Danny Johnson on Key points to remember: Ask open-ended questions. Do you have a house you're wanting to sell? How did they come up with that price? It’s amazing how effective it is. Did a Realtor pull comps for them? But be cautious. What is the address of the house?Without the right answers to these five or Six questions I don't continue with the questions on the following seller questionnaire. Thanks for putting it all in one simple list. 15 Of The Best Questions To Ask Your Estate Agent When Selling A Property Putting your property on the market is a big step, and with the amount of money that changes hands, it’s vital you know the best questions to ask your estate agent when selling. We just need a few details to get you started! Just don’t know much about how to create one and do the seo much less change it after it is up. Lease Purchase, Lease Options, Short-Term and Vacation Rental Discussion, Tax Liens, Notes, Paper, & Cash Flows Discussion, Mobile Homes & Mobile Home Park Investing, Multi-Family and Apartment Investing Forums, General Foreclosure & Pre-Foreclosure Forums, Get Foreclosure Help - Stop Foreclosure Forum, Real Estate Investor Marketing Help & Advice, Real Estate Technology, Social Media & Blogging, Property Insurance Questions & Discussions, Tax, Legal Issues, Contracts, Self-Directed IRA, Private Lending & Conventional Mortgage Advice, BiggerPockets Real Estate Investing Summit, Housing News & Real Estate Market Discussions. August 8, 2016 at 11:08 am, Yes, you will need a source of funding. Danny Johnson on Your email address will not be published. Thank you. I have found having a "seller lead sheet" with all of the questions on it to be helpful as well. October 13, 2012 at 10:42 am. Any other suggestions from you or the community will be appreciated. this is one of the missing pieces of the puzzle to me. Notice the wording of this one. January 7, 2013 at 12:08 pm. Don’t leave it at that. Of course, it was supposed to be click a button and you’re done. Otherwise just ask the following. If there’s more decision makers, you’ll want to know upfront, right? How quickly are you looking to sell the property? What is your reason for making an acquisition? Thanks, Danny, Danny Johnson on Come network with us! My lead sheet is long & it doesn’t flow like this. June 15, 2013 at 11:27 pm. So to make sure you listen October 13, 2012 at 11:16 pm. Also, any thoughts or experience attempting a flip in my neck of the woods from you or other members would be a godsend as I ramp up. You want them to realize that the house may be in good shape, but may require a lot of updating and polishing. What are your plans if you don’t sell the house? Danny Johnson on Jennifer Kellam on Damon Wallace on This one is pretty important. Another motivation building question. Dave, Danny Johnson on Hi! So I have students that ask these questions. If they don’t, they are not likely motivated enough anyway. If they want to be done with it yesterday they will think about that while answering this question and will let you know that really just want it off their hands. October 23, 2012 at 1:08 am. Make sure you schedule an appointment to see the house. Danny Johnson on Wholesaling real estate is a great way to make tons of money relatively quickly. This will help me stay in control of the conversation & build rapport while getting everything I need. Should be straight forward. Is the house currently Listed with a Real Estate Professional? Not a good thing. I’ve learned to really prequal the leads before I jump in my car like I used to. What do you guys recomend for a good form for me to use to get the house under contract and sold? Then pick the most conservative criteria used by people in your area and start with that. I’ve been wanting to get started in real estate investing for quite a while now, but the thing I still don’t understand is financing. Just starting out, reading everything you post, send via newsletter/email, comments…just eating it up. February 13, 2014 at 3:48 am, I’m going to see my VERY first sign-a-deal today. I don’t want to waste my time going to meet with them if there is no way I would be able to buy the house for what I would need to buy it for. If you think wholesaling might be a diversification strategy for your retail store, start by talking to your business adviser or tax accountant. _________________________, Out of curiosity, why are you selling? Find out what criteria all of these people use to buy houses. This one requires some time and a great deal of open-ended questions and keeping your mouth shut so that they can talk. Don’t forget to subscribe to the blog above, Like us on Facebook, Follow on Insta, Follow via Twitter, and Subscribe to the Podcast (iTunes and Stitcher). Every business sale is a totally unique transaction. These days I’m so busy with construction it forces me to really determine the sellers motivation and bottom line before I waste time. Thank you so much for putting this out there! Hopefully it works! Ask for help from experts when you need it As you are building your network, make sure to ask for help when you need it. Try writing some articles on ezinearticles.com. Seth Williams on Stop in and see if you can get a phone number for the owner if he/she is an investor (or just leave your name and number with the contractor and let them know that you are also an investor and are looking for someone looking to buy houses as-is at deep discounts). The one I am using now looks great but is not bringing in many leads and I am sure I am paying too much. Nick Ruiz on Go get ’em. What do you think the repair costs are going to be? “I just bought a new car.” This is good because the seller is inspired to sell I think I heard it from Claude Diamond. 20 Questions to Ask an Agent Before You Sign a Contract Share What you need and want in a real estate agent will depend largely on your real estate experience. We’re not asking, “Are you behind on the payments?” That would be sort of like rubbing their faces in it. I am drafting a questionnaire in order to make sure I don't forget to ask the necessary questions during a deal. This can help determine more of their motivation for selling. If you are selling your home, chances are you have some questions. Normally the sellers will want all of the services that you provide. In this piece, we take you through 5 of the best questions to ask your customers about the products and services you’re selling. Is it because they are hoping to have X dollars to do Y? This is a must-ask question. 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