List this at forty-one thousand dollars I did not listed with that, thirty-nine nine
can this anymore worst? I'm just sayin planes, buses, cars
John can't talk can this get any worst?
(Background voices)
I did everything myself in here,
that is not how you do the business
and that right there is a house that I have already flipped as well
and I already know that I can flip this house to a buyer on my buyers list I got a strong
buyers list in this area
Hey whats up guys John Cochran here and today is System Saturday, the day that I
could bring you a system that I use in my business you can rip off duplicate using
your
own local market now if you have never been one in my live events yet why not I only
delivered to you my entire blue print and give you a chance
to qualify for a five hundred thousand dollar line of credit
to do all your deals with, now as you know I'll do
anything to sell a house and I mean anything but I don't care what you do to
sell a house you have to price it right
so on today's System Saturday i'm gonna show you how we price our property
in order to sell in seven days or less
Ok, the very first thing you need to do is you need to find out what
this property is going to sell for retail
the best way to do that is to do a search of all the comparable home that have sold
within a quarter-mile away from this subject property
that have sold with the highest price that they have sold for
that is comparable to this property if what the retail price, so as soon as you found out what the
retail price is going to be then you need to know what your extra charges is gonna be
If you're going to wholesale
if your exit strategy is to whole sale the property it's very very simple
you're going to be listing this property fifty percent
off of retail so you have that retail figure, you need to
price if you're gonna whole sale to another investor you gonna leave a skin on a game for them to
make money on so the percentage as you have to price it
50% off of retail and if I was gonna do on this property
you divide thirty-nine nine
so that's wholesale now if your gonna prehab this property to where
you're going to do a very very light rehab on it where
you are going to be making it a rental ready for the buyer
not doing a full rehab you're going to be pricing this
knowing your retail value your going to be pricing it 10% - 15% off
of that price so on this particular one obviously
the retail prices is around eighty thousand dollars 0
if you're gonna prehab it just like we did and put eigth thousand dollars or less in it
you need to reprice it 10 -15% off
that retail price: so that was prehabbing
Now if you're going to be listing your property retail
This is the formula that you're going to use, clearly you already know what the other properties are
or selling for retail however retail
what we always do if we don't want to set on the market
reprice it at ninety-five percent on the retail value can prices as high as 100% or even
over
but the longer you the higher you prices the more
gonna sit on the market so we as reprice our retailed home
99 percent of the valie. so in this property we decided to pre have it
so I whenever your price in a properly the other thing you look at
is pricing it very sexy I won't easily
don't look with just one could have It could prices In to the law 70'
the sexy party is 6099 coz it sound a lot cheaper
Go for system Saturday dot com I'm out guys.... Peace