Case Study: Homeowner B: Buy My House FAST!
When Reel Property Solutions, LLC got started in real estate investing, the classes, coaches, and field experts with Fortune Builders were EXCELLENT help in guiding a particular situation when a homeowner called kept saying: Buy my house FAST! Here is that case study outlining why Reel Property Solutions, LLC couldn’t purchase the property and the lessons learned to benefit potential clients.
Homeowner B saw a Reel Property Solutions, LLC bandit sign. 
Homeowner B called stating the motivation was divorce. Other information collected was the property was currently listed with a realtor, also said there was an offer on the property that was currently under review, but Homeowner B just wanted someone, such as Reel Property Solutions, LLC, to purchase with cash and close quickly. While asking further questions, one discovery was Homeowner B’s spouse would not directly communicate with anyone related to the property unless through a Third Party. Homeowner B also claimed to be living away from the property, however, this was not true- Homeowner B was living here with a few minor possessions such as a mattress, laptop, and a few clothes. The property was in a quiet, beautiful neighborhood that would sell quickly. Updates needed were to gut the bathrooms, open the main level, and rebuild an outdoor stair case that led to the upper level that was a separate living space. Reel Property Solutions, LLC was curious about the property, so a tour was done with Homeowner B. Reel Property Solutions, LLC stated an offer would have to be made through the realtor’s office. Homeowner B kept begging: buy my house FAST! Homeowner B would say things that were not lining up with the actions, such as claiming to live away from the property, Homeowner B would call when intoxicated to reiterate over and over: buy my house FAST!, and Homeowner B caused destruction to the property with holes in the walls or getting sick all over the bathroom without cleaning.
This was a lesson learned for Reel Property Solutions, LLC in many ways. First, if a property is listed through a real estate agent, then all communication must be done that way no matter how strong the motivation or how fierce the seller says buy my house FAST!
Second, do research! While bizarre behavior was seen from Homeowner B, Reel Property Solutions, LLC did due diligence to confirm Homeowner B was in fact living in the house, had some sketchy employment records, and had a physical ailment.
Third, there was no communication between Homeowner B and spouse, this made the transaction risky because everyone had to agree. In the end, Reel Property Solutions, LLC did not present an offer.
Fortune Builders field experts helped Reel Property Solutions, LLC see how this property was not appropriate to purchase. The points made were: 1) This is conflict of interest between the investor and realtor; 2) Wait until realtor contract expires if property is still available and then directly communicate with the seller; 3) A judge in court would be the final say in how the assets were divided; 4) keep asking questions because the more you learn, the wiser you will become!
Another huge plus is Reel Property Solutions, LLC found more real estate professionals to network with, ask questions, and most of all, be more knowledgeable to YOU, the potential client. After this client, many others have called to say buy my house fast! Now with savvier real estate investor skills, Reel Property Solutions, LLC is better equipped, but still has the fantastic resources through Fortune Builders as a guide!
Do you have a motivating factor that gets your mind thinking, “Wow, Reel Property Solutions, LLC should buy my house fast!” Here is our contact information:
info@reelpropertysolutionsllc.com 507-218-8788.
We look forward to helping you CATCH A WINNER!
