WIP 463: The 2 Biggest Reasons Why People Sell their Homes at a Massive Discount

Wholesaling Inc with Brent Daniels

Find distressed properties for pennies on the dollar and turn them for huge profits!

News, Wholesaling, Education, Houses, Make Money, Business News, Real Estate Agent, Business, Real Estate, How To, Cash Buyers, Entrepreneurship, Wholesale Houses, Entrepreneur

4.9 • 1.4K Ratings

🗓️ 3 July 2020

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

For some people, the whole idea of homeowners selling their properties at deeply discounted prices can seem too good to be true. However, wholesalers can attest that some people really do sell at a discount. Why? That’s what our very own Cody Hofhine discussed in this episode!

Cody knows wholesaling like the back of his hand. Over the last 6 years, he’s already done over a thousand wholesaling deals. That being said, he can confirm that many people really do sell their properties at deeply discounted prices.

At first glance, selling at a discount just doesn’t make any sense. After all, homeowners have the option to fix things up or list their properties with a realtor so they can still get retail market price.

In this episode, Cody discussed 2 of the biggest reasons why people sell their properties at a deep discount. In addition, he also shared beneficial negotiation and mindset wisdom, so make sure you tune in!

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Transcript

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0:00.0	You're listening to Wholeselling Inc. episode number 463.
0:05.0	You're willing to give them speed and convenience and they're willing to give you your price.
0:10.0	This is game-changing information guaranteed to raise your real estate wholesaling business with actionable steps you can take immediately to navigate the ins and outs of wholesaling and start making money today.
0:23.0	BAM! Join us as we put our guests in the hot seat and dive deep to dissect their strategies
0:28.1	for success to enable you to duplicate their results.
0:32.4	Investor grit presents Wholesailing Inc.
0:35.0	The only show dedicated to making you a fortune
0:37.9	in wholesaling with your hosts Tom Kroll and Cody Hoffheim.
0:49.0	Do people really sell at a discount? Yes, people do sell at a discount and why is it? Why are they willing to sell at a discount?
0:57.6	So my name is Cody Hoffine by the way and I'm excited to just break this down for you so you can understand that every one of us have the opportunity
1:07.3	no matter what state you live in no matter what city you live in to find deeply discounted properties properties that you can purchase for
1:14.3	40 50 60 cents on the dollar and you might be thinking really like really really like
1:18.2	really like yes really really we have done over a thousand of these deals over the last five or six years and yes I've also seen each one of my students that go through the course and are out there taking massive imperfect action and out there making offers and out
1:35.1	they are going on appointments that they too are coming across properties all across this great nation
1:40.4	at 40, 50, 60 cents on the dollar and some of them even less than that.
1:44.8	Now, why?
1:46.2	Why would people be willing to sell at a discount?
1:48.9	If they know they can get more money for their property, if they could do something that allows them or if they just
1:55.8	clean their carpets they could get $20,000 more or hey I could listen with a realtor and
2:00.6	they could get X amount or they could get a retail price.
2:03.5	These are all true options.
2:05.0	People could fix them up and they could get more money.
	...

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