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031: When to Retrade
Archived series ("Inactive feed" status)
When? This feed was archived on October 11, 2019 01:32 (). Last successful fetch was on May 24, 2019 18:35 ()
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Manage episode 174082592 series 1327774
When you get into real estate, one of the things you should know about is re-trading. This is when any unanticipated changes happen to previously agreed to terms. This is basically when the purchase price gets changed. Maybe the buyer gets the property under contract and starts doing his due diligence and finds something that makes him realize the deal needs to change. I don’t do re-trades unless if two things happen:
1. I have to—sometimes you will find something new, and the deal no longer makes sense with the new data you have.
2. The deal goes on too long—it’s called deal fatigue. I get tired of a deal after awhile.
You don’t want to be known as a re-trader, but don’t be afraid to do a re-trade. Better them to be angry then you to be angry at yourself for doing a bad deal.
58 episodes
Archived series ("Inactive feed" status)
When? This feed was archived on October 11, 2019 01:32 (). Last successful fetch was on May 24, 2019 18:35 ()
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 174082592 series 1327774
When you get into real estate, one of the things you should know about is re-trading. This is when any unanticipated changes happen to previously agreed to terms. This is basically when the purchase price gets changed. Maybe the buyer gets the property under contract and starts doing his due diligence and finds something that makes him realize the deal needs to change. I don’t do re-trades unless if two things happen:
1. I have to—sometimes you will find something new, and the deal no longer makes sense with the new data you have.
2. The deal goes on too long—it’s called deal fatigue. I get tired of a deal after awhile.
You don’t want to be known as a re-trader, but don’t be afraid to do a re-trade. Better them to be angry then you to be angry at yourself for doing a bad deal.
58 episodes
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