I have written several times before and will write many more times in the future about criteria. It is vitally important you know what you are looking for so that when you see it you can act quickly.
In the past week I have had the opportunity to help two people sell or purchase a home. In both cases there was a lot of activity around the house in question. In both cases the buyers would probably have lost the house had they not acted quickly enough to get it tied up in a purchase contract. (I’m not advocating a speedy purchase just to purchase…understand what I am saying here.)
The buyers were able to act quickly because they knew what they were looking for before they even saw it. In the case of the buyer I was working with we had seen 8-10 properties that all did not measure up either condition wise or numbers wise. But when we found a property that matched his predetermined criteria he acted quickly and got the house. If you know what you are looking for it’s not hard to recognize it when you see it.
There are a lot of questionable properties out there. Be patient and hold out for the one that matches what you have written down on paper. When you do it will feel like you’ve found the diamond in that pile of coal.