When it comes to residential real estate, there are typically 5 types of home buyers that will submit an offer which will impact what they’re willing to pay:
1. Retail Buyers
2. Rental Buyers
Typically the first 2 types of buyers will provide the most competitive offer, while the latter 3 will often times submit a lower offer. However, iBuyers, Flippers and Wholesalers may provide the quicker, lower-hassle close that your seller could be looking for.
EDUCATE YOUR SELLERS
Educating your sellers on the types of offers they could receive will not only make sure that you are accomplishing their goals with the transaction, but could also soften their reaction if they were to receive a less than ideal offer right out of the gate.
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