#אופסף_ההירים_גבוה_מידיי OK... So that's it.... Let's start a few months ago...

#Supset_price_high_image?

Okay… so that’s it… ..

lets start ???

A few months ago, a couple of my investors bought an asset for a betterment deal (buy-fix-sell). The property was bought below market price. The property is located in an area where there is a demand from Home Owners Residential.

The deal closed relatively quickly after our negotiation with the seller, we analyzed the contractor entered into the work, also to our delight completed the renovation in a relatively reasonable time of 7 weeks Walla start with marketing means, upload pictures and the air asset ?? .

☝️☝️A little synopsis of what happened in those weeks when we wanted to raise our property -
We sold for another investor in 5 days in the market over Asking price of $ 134,000 (in their 5 days !!!!).

It just turns out that the realtor who acted as the seller's agent in this sale deal, too, the Lisiting agent, decided to ride the wave of the same property sold literally 3 blocks away, and did not bother to analyze the property data of my investor pair.

The property has been advertised for a high price of $ 130,000 ?
Property data differed in terms of property size and construction configuration. And again, despite the geographical proximity that apparently allowed him to make the exact same move (due to similarities in the property's location, his configuration - both were Ranch house - and the time of the ascent to Market).

And here ... a week goes by ... and another week
And suddenly a month ago…
And lower the price ...
And again, a price cut.
And even offers on the property are not coming….?
The level of frustration increases.
Investors are starting to ask questions, and rightly so.

And time passes, and time is money, we all know that.

So as not to extend too much ……

I'll jump to some of the moral of this story… ..

Some important "do not do" tips can be taken away ...:

1. Make sure, make sure, and make sure again ☝️
It is very important to ascertain the prices of the properties in the area at the moment of sale with other realtors in the area and, of course, to attribute similar properties that will meet as many parameters as your property can meet.

2. It's better to make less and sell faster, than to make more and spend a few months of standing property on the market.
- time is money!!! By the time our property stood for another month in the market, we could already be at the beginning of the next project. ?

3. Always but always make sure your field man yourself and do the Triple chack to see that you are raising the property to the air at the right price.

4. "Don't be pigs" and you're tempted to knock a few tens of thousands of dollars into the market.
It will take revenge on you. point.

Full Disclosure-
The content was recorded from a personal experience and strategy that one of my teammates used in the past (and turned out to be incorrect) and I wanted to share it with you to tell "what not to do".

at the end of the day,
We all make mistakes
The main thing that we learn to grow from them
become stronger
And move on

We'll probably come out stronger and more wrought.

And hey….
Nobody said being an entrepreneur is easy or playing kids, yes ??? ?

Good luck ?

Love,
Moti Katz ?