Why are some of the best deals the homes that sit and sit and sit on the market?
Because chances are, the seller is getting fatigued. I have no problems with homes that have been sitting, as long as the seller has been moving the price along with the long days-on- market.
Because if the building has more tenants than owners living in the building, the building will be harder to finance (fannie mae rules). And as a result, you’ll generally see less demand.
That is an easy one…buy ugly and sell pretty. Condition matters. Buyers don’t buy brick and mortar, they buy feelings and emotions. Make your place lovely when you go to sell.