Should You Walk Away From a Real Estate Deal?

author RE/MAX Condos Plus   2 год. назад
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Our offerings under Rule 506(c) are for accredited investors only. GENERALLY, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV. On this episode of Young Hustlers Grant Cardone and Jarrod Glandt talk about when to walk away from a deal. Often it is the deal that you don’t walk away from that costs you. But many people walk away from deals forever when they shouldn’t. Some important points from today’s episode about why people don’t walk away from deals: 1. Scarcity in Pipeline: You hold onto nothing because you have nothing to go to. You are scratching for crumbs. You need to pick up the phone! 2. Be professional on the way out: Don’t hang up or burn bridges if you don’t get what you want. You never know what can happen in the future. Accept responsibility for the outcome! 3. Never quit: When you walk away from a deal you aren’t quitting the deal. If the deal is dead, think about how to nurture it in the future. 4. How do you walk away? Never say no until you absolutely have to. If you took notes today, after 30 days, you will forget over 95% of what you learned today. You have to review things over and over. Remember if you don’t remember with certainty, it doesn’t matter. And If you can’t deliver with certainty, it will not result in money. GrantCardone.com http://www.grantcardone.com

www.remaxcondosplus.com

Welcome to Inside the Real Estate Market. Hi there, I'm Jamie Johnston, Broker/Owner of RE/MAX Condos Plus.

With the sudden change in the market, some buyers who bought at the end of March and early April are thinking they might have paid too much. Should they just walk away from the deal and loose their deposits?

Bad Idea! Walking away is the most expensive thing you can do. A Seller will then resell the property, probably for less money because you the Buyer will cover the losses. The Buyer will also pay for the extra legal fees, carrying costs of the property, extra costs for where the Seller is moving to, and so on. You get the picture, big bucks!

Close now. We don't care what it costs you. The market will bounce back in September and prices will be back to March and April prices by this time next year. Remember, real estate is a long term investment, think short-term and you can loose. Think long term and you will always come out ahead.

I'm Jamie Johnston

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