Prospective Buyer: “I Want Something 25% Below Market, That I Can Fix Up and Flip for Double, That the Seller Will Finance. Oh, and Do You Know Any Contractors??”

“Good Luck With That” Department

I fielded a call the other week from a prospective Buyer who must have just skimmed “How to Make Millions in Real Estate” (or some such title) at Barnes & Noble.

I doubt that such anĀ approach ever worked, but it’s a guaranteedĀ loser — and a time sink — in a very strong Seller’s market characterized by an ongoing shortage of inventory.

Needless to say, I politely declined to offer my services.

Interestingly — if not unsurprisingly — I subsequently ran into two colleagues who’d been approached by the same individual.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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