There are a lot of investment properties out there for sale. Many of them are owned by savvy sellers, shrewd in the ways of property sales. There’s a certain percentage, though, that are owned by people who quite plainly have no idea what they’re doing.
You can often spot a sloppy seller in a few ways. They leave telltale signs in the way they try to sell investment properties that give away their inexperience. I’m not saying that you should swindle anyone or anything, but you can use their inexperience to your advantage to help you save money when you buy investment properties. Here are 8 signs to look for to identify a sloppy seller.
1. Unflattering Photos. The internet is awash with photos. Sharing sites like Instagram, Flickr, Pinterest and Tumblr have proved that people love looking at and sharing photos online. Most residential real estate professionals have realized this and made adjustments to the way they display properties online, investing in professional photography to entice people to ditch the virtual tour for a real one. If an investment property’s online listing lacks flattering photos, you may have stumbled across a sloppy seller. This alone shouldn’t be used to identify a sloppy seller, as the property may just be in that much need of updates or repairs that no photos could flatter it enough.
2. Unkempt Grounds. One sure sign of a sloppy seller is a sloppy looking property. If they can’t be bothered to put anything into the maintenance and upkeep of the building and the grounds before putting it on the market, the value of the property and possible sale price can be squishy. If you’re an investor who doesn’t mind putting some work into a property, you could get a diamond-in-the-rough property for a steal. Because making the property …read more