30 Day Pricing

[JeVon F. Christmas]

I had a great time at the mixer last night. Paul gave a great overview of rehabbing properties. My question is how is 30 day pricing determined. I called two realtors i know to go over this concept and neither one knew exactlly what i was talking about. If someone could answer this for me i would appreciate it..

 

 

Thanks,

JeVon

[Donovan Walton II]

Hey Jevon,

 

What area are you working in?

 

Great answer Brian!

[Brian Mann]

It is also called a quick sale price. As you are building your 'team', your Realtor needs to be able to give you the price that the property will sell for within a 30 day period. Your 'team' appraiser can give you one as well.  If your 'team members' cannot give you a quick sale, 30 day, price easily, accurately and in just a few minutes, they do not know what they are doing in that market.  Find ones that know the territory that you are working in very well. If you are starting out by jumping around all over the state, you will have a hard time in this business. Pick a geographic local, maybe several neighborhoods and learn them well.  Then you will know the 30 price and you will find out which agents also know the 30 day price.  Banks and other lenders always want an appraiser or BPO broker to give them a quick sale price as well as the retail price. The 30 day price is less than retail, more than wholesale that qualified retail buyers will fight over. Best of luck, Brian

[JeVon F. Christmas]

Thank you Brian I appreciate your response. 

Brian Mann said:

It is also called a quick sale price. As you are building your 'team', your Realtor needs to be able to give you the price that the property will sell for within a 30 day period. Your 'team' appraiser can give you one as well.  If your 'team members' cannot give you a quick sale, 30 day, price easily, accurately and in just a few minutes, they do not know what they are doing in that market.  Find ones that know the territory that you are working in very well. If you are starting out by jumping around all over the state, you will have a hard time in this business. Pick a geographic local, maybe several neighborhoods and learn them well.  Then you will know the 30 price and you will find out which agents also know the 30 day price.  Banks and other lenders always want an appraiser or BPO broker to give them a quick sale price as well as the retail price. The 30 day price is less than retail, more than wholesale that qualified retail buyers will fight over. Best of luck, Brian