3 Formulas to Price your Homes to Sell in 7 Days or Less AT TOP DOLLAR
On this Systems Saturday, John Cochran will give you the 3 formulas that you need to use to price your homes to sell (AND DEMAND TOP DOLLAR) in 7 days or less. You only get 1 shot to price a property right and you have to do it as soon as you put it up for sale. Do this step wrong and I promise you’ll either sit on a home FOREVER or lose money on a deal.
0:00List this at forty-one thousand dollars I did not listed with that, thirty-nine nine 0:04can this anymore worst? I'm just sayin planes, buses, cars 0:10John can't talk can this get any worst? 0:13(Background voices) 0:22I did everything myself in here, 0:23that is not how you do the business 0:27and that right there is a house that I have already flipped as well 0:30and I already know that I can flip this house to a buyer on my buyers list I got a strong 0:34buyers list in this area 0:53Hey whats up guys John Cochran here and today is System Saturday, the day that I 0:57could bring you a system that I use in my business you can rip off duplicate using 1:01your 1:01own local market now if you have never been one in my live events yet why not I only 1:05delivered to you my entire blue print and give you a chance 1:08to qualify for a five hundred thousand dollar line of credit 1:12to do all your deals with, now as you know I'll do 1:15anything to sell a house and I mean anything but I don't care what you do to 1:19sell a house you have to price it right 1:21so on today's System Saturday i'm gonna show you how we price our property 1:25in order to sell in seven days or less 1:27Ok, the very first thing you need to do is you need to find out what 1:31this property is going to sell for retail 1:34the best way to do that is to do a search of all the comparable home that have sold 1:39within a quarter-mile away from this subject property 1:42that have sold with the highest price that they have sold for 1:46that is comparable to this property if what the retail price, so as soon as you found out what the 1:52retail price is going to be then you need to know what your extra charges is gonna be 1:57If you're going to wholesale 2:00if your exit strategy is to whole sale the property it's very very simple 2:04you're going to be listing this property fifty percent 2:08off of retail so you have that retail figure, you need to 2:12price if you're gonna whole sale to another investor you gonna leave a skin on a game for them to 2:17make money on so the percentage as you have to price it 2:2050% off of retail and if I was gonna do on this property 2:24you divide thirty-nine nine 2:26so that's wholesale now if your gonna prehab this property to where 2:30you're going to do a very very light rehab on it where 2:34you are going to be making it a rental ready for the buyer 2:38not doing a full rehab you're going to be pricing this 2:41knowing your retail value your going to be pricing it 10% - 15% off 2:46of that price so on this particular one obviously 2:49the retail prices is around eighty thousand dollars 0 2:52if you're gonna prehab it just like we did and put eigth thousand dollars or less in it 2:57you need to reprice it 10 -15% off 3:00that retail price: so that was prehabbing 3:03Now if you're going to be listing your property retail 3:07This is the formula that you're going to use, clearly you already know what the other properties are 3:12or selling for retail however retail 3:16what we always do if we don't want to set on the market 3:20reprice it at ninety-five percent on the retail value can prices as high as 100% or even 3:26over 3:27but the longer you the higher you prices the more 3:30gonna sit on the market so we as reprice our retailed home 3:3399 percent of the valie. so in this property we decided to pre have it 3:39so I whenever your price in a properly the other thing you look at 3:43is pricing it very sexy I won't easily 3:46don't look with just one could have It could prices In to the law 70' 3:54the sexy party is 6099 coz it sound a lot cheaper 4:00Go for system Saturday dot com I'm out guys.... Peace