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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] No problem answering truthfully... Posted by Ward-CA- on January 19, 2004 at 11:56 PM In Reply to: How should I answer potential buyer's questions. posted by Mirela on January 19, 2004 at 10:32 PM : Hi : I just can't figure out how to answer some of the questions of potential buyers of my property that I bought from trustee sale. For example, if they ask: : How long have I lived there? : Why am I selling it? : Where did I buy from? : How much did I get it for? : Questions like these will probably come up when I'll have an open house and I was wondering how I should handle them. : I haven't applied for a business license, so I don't know if I'm consider an investor legally, or if I can make reference that I am. : Please let me know if anyone does know of any answers to these questions or how you would handle it. : Thank You =================== Mirela, I don’t see what you’re concerned with. The potential questions you list are the same questions a buyer is apt to ask of any seller of property regardless of whether it was a foreclosure or not. My answers to the questions are: Ans. #1 - I bought the property to fix up and resell, so I’ve never lived there. Ans. #2 - It’s what I do. I buy, fix-up and resell property for a profit. Ans. #3 - This property was a foreclosure. I bought it at the foreclosure auction from the foreclosing trustee. Ans. #4 - What I paid for property has nothing to do with the price I’m selling it for, does it? I mean, let’s say I got it as a gift, does that mean I should sell it for nothing? I don’t think it’s pertinent what it cost me. Here are three recent comparable sales in this area that indicate the property should sell for approximately $xxx,xxxx. Are you interested? You don’t need a business license to sell property that you own. You might if you were selling other people’s properties, but not if the properties are those you own. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hi : : I just can't figure out how to answer some of the questions of potential buyers of my property that I bought from trustee sale. For example, if they ask: : : How long have I lived there? : : Why am I selling it? : : Where did I buy from? : : How much did I get it for? : : Questions like these will probably come up when I'll have an open house and I was wondering how I should handle them. : : I haven't applied for a business license, so I don't know if I'm consider an investor legally, or if I can make reference that I am. : : Please let me know if anyone does know of any answers to these questions or how you would handle it. : : Thank You : =================== : Mirela, : I don’t see what you’re concerned with. The potential questions you list are the same questions a buyer is apt to ask of any seller of property regardless of whether it was a foreclosure or not. : My answers to the questions are: : Ans. #1 - I bought the property to fix up and resell, so I’ve never lived there. : Ans. #2 - It’s what I do. I buy, fix-up and resell property for a profit. : Ans. #3 - This property was a foreclosure. I bought it at the foreclosure auction from the foreclosing trustee. : Ans. #4 - What I paid for property has nothing to do with the price I’m selling it for, does it? I mean, let’s say I got it as a gift, does that mean I should sell it for nothing? I don’t think it’s pertinent what it cost me. Here are three recent comparable sales in this area that indicate the property should sell for approximately $xxx,xxxx. Are you interested? : You don’t need a business license to sell property that you own. You might if you were selling other people’s properties, but not if the properties are those you own. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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