How do you do 48 hour closings? - Posted by Steven K. Long

Real Estate Investing
1

Posted by Steven K. Long on February 25, 2004 at 14:18:54:

The seller is in no hurry, but they have had a lot of so called investor offers, some wanting to purchase it at 90K.

And I am sure of the appraised value.

The seller does have clear title to the property.

As to why 48 hours, is because it is a good deal I would like to beat the others out of the deal and still make a alright profit.

The reason they can afford to sell it for cheap is because they picked the house up at a foreclosure auction. And they own a business so they really don’t need they money that badly, but being business people, they are not stupid.

Thanks all, Steven

2

How do you do 48 hour closings? - Posted by Steven K. Long

Posted by Steven K. Long on February 24, 2004 at 12:38:31:

How do you do 48 hour closings?
I read an article somewhere of how to do this, but I can not find it now, any info would be helpful

Basic info, found a house appraised at $435K, Owners will sell at $299,900 all cash

Thanks, Steven

3

Re: How do you do 48 hour closings? - Posted by wes

Posted by wes on February 24, 2004 at 17:35:37:

Guess the question many here including myself would ask is Why is the seller is such a hurry to close???

Are you sure of the appraised value? Does the seller have clear title? Sounds like a possible good deal but why 48 hours???