How many real estate properties will I likely see before I find a home I want to buy?

I've heard of the 100-10-1 rule, where you look at 100 properties, make offers on 10, and purchase 1 property. Is this a realistic view or are your experiences different?

Answer:

It depends on the market you are buying in. For myself I look at extremely undervalued properties,fixer uppers etc..If I look at 100 homes I know at least 75% of those I would be in a position to buy ,it just comes down to which one fits my criterea such as location,repair cost,estimated time to repair etc.

I think the 100-10-1 rule would apply if your financing the deal through a bank or loan co. for a traditional style purchase.


Views: 1965        Posted on: Apr 10 2012        Tags: Buyer, Ownership