Comments on: The Big Questions Every Real Estate Investor Should Be Asking Sellers http://www.mustknowinvesting.com/2008/10/31/the-big-questions-every-real-estate-investor-should-be-asking-sellers/ Tue, 09 Nov 2010 14:19:37 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Patrick Riddle http://www.mustknowinvesting.com/2008/10/31/the-big-questions-every-real-estate-investor-should-be-asking-sellers/comment-page-1/#comment-1122 Patrick Riddle Mon, 09 Feb 2009 21:47:04 +0000 http://www.mustknowinvesting.com/2008/10/31/the-big-questions-every-real-estate-investor-should-be-asking-sellers/#comment-1122 Ross, Good points. I hope people realize how powerful and effective the question, "Is that the best you can do?" really is. Sounds like it's definitely been working for you. Ross,
Good points. I hope people realize how powerful and effective the question, “Is that the best you can do?” really is. Sounds like it’s definitely been working for you.

]]> By: Ross Treakle http://www.mustknowinvesting.com/2008/10/31/the-big-questions-every-real-estate-investor-should-be-asking-sellers/comment-page-1/#comment-1121 Ross Treakle Mon, 09 Feb 2009 17:41:36 +0000 http://www.mustknowinvesting.com/2008/10/31/the-big-questions-every-real-estate-investor-should-be-asking-sellers/#comment-1121 Very good list of questions! I would say the two most important questions you posed were the second and the last. The second...would you be willing to sell for what you owe? That gets right to the point. If they say yes and the numbers work, you have a winner. Then if the conversation continues the last question...is that the best you can do? will probably catch the seller off guard a little bit. Every time I have used that question or heard stories of an investor using that question, the price always goes down a bit. When you are negotiating, I would advise to ALWAYS ask that last question unless you have the seller at the point which they are willing to take only what they owe. Remember, in real estate investing you make your profits when you buy...then you realize those profits when you sell! It all comes down to buying right!!! Cheers, Ross Treakle <abbr><em>Ross Treakle’s last blog post..<a href="http://rosstreakle.com/give-to-your-local-realtor/" rel="nofollow">Give $$$ To Your Local Realtor</a></abbr></em> Very good list of questions! I would say the two most important questions you posed were the second and the last.

The second…would you be willing to sell for what you owe? That gets right to the point. If they say yes and the numbers work, you have a winner.

Then if the conversation continues the last question…is that the best you can do? will probably catch the seller off guard a little bit. Every time I have used that question or heard stories of an investor using that question, the price always goes down a bit.

When you are negotiating, I would advise to ALWAYS ask that last question unless you have the seller at the point which they are willing to take only what they owe.

Remember, in real estate investing you make your profits when you buy…then you realize those profits when you sell! It all comes down to buying right!!!

Cheers,

Ross Treakle

Ross Treakle’s last blog post..Give $$$ To Your Local Realtor

]]> By: Patrick Riddle http://www.mustknowinvesting.com/2008/10/31/the-big-questions-every-real-estate-investor-should-be-asking-sellers/comment-page-1/#comment-736 Patrick Riddle Sat, 01 Nov 2008 14:37:26 +0000 http://www.mustknowinvesting.com/2008/10/31/the-big-questions-every-real-estate-investor-should-be-asking-sellers/#comment-736 Thanks for the compliment Wil! I'm not going to hold back though. Thanks for the compliment Wil! I’m not going to hold back though.

]]> By: Wil Christenson http://www.mustknowinvesting.com/2008/10/31/the-big-questions-every-real-estate-investor-should-be-asking-sellers/comment-page-1/#comment-729 Wil Christenson Fri, 31 Oct 2008 20:37:35 +0000 http://www.mustknowinvesting.com/2008/10/31/the-big-questions-every-real-estate-investor-should-be-asking-sellers/#comment-729 Seriously Patrick. You know I've got nothing but respect for you, but PLEASE! stop giving away all the secrets! I mean you're giving away not just the question, but the way to ask the question. C'mon! Help a fellow investor out. I prefer to be able to go into a seller's house after another investor has left empty-handed, ask the right questions and be able to secure a deal. But if you keep giving away secrets like these those times will come to a halt FAST. So, in the name of all that is good and fair, please stop. Thank You. Seriously Patrick. You know I’ve got nothing but respect for you, but PLEASE! stop giving away all the secrets! I mean you’re giving away not just the question, but the way to ask the question. C’mon! Help a fellow investor out. I prefer to be able to go into a seller’s house after another investor has left empty-handed, ask the right questions and be able to secure a deal. But if you keep giving away secrets like these those times will come to a halt FAST. So, in the name of all that is good and fair, please stop. Thank You.

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