3 Questions to Ask People Who Are Looking To Buy Your House

We all know when you put that for sale sign in your yard that buyers come from all around the world. Some say “Hey, I have cash, can we close?!” Three weeks go by and they still haven’t closed on the deal. Being in the Real Estate field I can tell you this, they do NOT have the cash. Please open your check book and time how long it takes to write a check, I did an it took me around 12 seconds and that’s only because I am a little slow.

3 Questions you should ask buyers looking to buy your house

  1. Are you writing the check yourself or is it coming from someone else?

You want to ask this question so you do not end up packing all your items thinking that the buyer will close. You will sleep better knowing where your buyer is getting the cash from instead of blindly trusting someone.

2. How long will it take you to close?

If your buyer needs more then 2 weeks to close, something is going on. It shouldn’t be that hard. There are only a few options : Cash deal, financing deal from the bank, or they are borrowing cash from a private individual or company. When someone is loaning money on a house the lender wants to check that the house if worth loaning on. They also want to confirm the repairs and make sure they are not through the roof.

3. Can you show me other deals you have closed on?

The property owners I know are going to kill me, I’m telling to much! To be honest with you if you can’t be honest you shouldn’t be playing the game. I believe in building trust. Nothing builds trust other than providing truth. Sometimes when I meet with sellers I  will bring previous deals that I have done in the past just to let them know you can trust me because other people have. Also ask for previous testimonials. You didn’t hear it from me.

I hope this has helped you make a more informed decision when dealing with buyers looking to buy your home.

Watch out for my new blog post coming out, I will be dropping simple but important knowledge bombs.

 

Timoune

About Timoune

Christian Chabi is active in the Real Estate Marketplace in Metropolitan Detroit. He buys and sells Real Estate for his own portfolio and helps others reach their Real Estate Investment goals. In a fast-paced and dynamic industry, Christian Chabi’s approach to Real Estate investing is no-nonsense, high-energy and knowledge-based. He has studied with the best investors in the game, and is a voracious reader. He applies his knowledge with a “show me the money” frame of mind insisting that knowledge must be applicable not just theoretical. In other words, he tests all the principles he teaches with actual profit (or loss) experience. Mr. Chabi is experienced in fix and flips, as well as buy and hold, scenarios. Depending on the profitability he will do either one with confidence. Core to his philosophy is his desire and willingness to work with others. His belief is that people are more valuable than any commodity. At any given time Mr. Chabi is working in some capacity on several projects (as a Real Estate Agent, Investor or Partner). He is particularly fond of helping investors get their FIRST property. He has written several books on the subject and numerous articles. He teaches new investors to define their goals, plan their strategy and implement their Real Estate Investment Program with confidence and humility. Some of Christian’s Mantra’s are: - Ask questions until you are satisfied with the answers. - If it doesn't make profit-cents, then have the sense to walk away. - Be patient. Look for deals that have your name on them. - All deals must be win-win for all involved.

, , , , , , , , , , , , , , , , , , ,

No comments yet.

Leave a Reply