
Oren Sofrin on why Eaglecashbuyer stopped chasing every deal
Oren Sofrin, Founder and Real Estate Investor, leads Eaglecashbuyer, a real estate investment company that buys homes directly from owners for cash, including properties in need of repair. Sofrin explains why the business takes time to assess whether a sale is right for both sides, and what experience taught about trust, organization and choosing which deals to pursue.
A real estate business does not make progress simply by pursuing more transactions. Sofrin’s advice is to focus on informed opportunities, take time to assess fit and build the processes needed to keep details from getting lost.
What’s the short story of how your business started, and what makes it genuinely different from the other options your customers have?
Real Estate has always been something that i grew up being very conscious about. I have always liked the idea of being a part of land property sales transactions. But then what really sealed it for me was that the older i got, the more i started noticing a gap in how people approached real estate transactions. The challenge that i noticed was that there was sort of a struggle when it came down to finding the right real estate investment opportunity and getting reliable information about the people involved. I then developed this vision of building something that made the information process a little more considered, particularly for investors who didn’t want to make significant financial decisions based on incomplete information or pressure to close a deal. What i believe makes us different is that we don’t approach every enquiry as a transaction that needs to happen immediately. We take the time to understand what the seller is looking for, what they are willing to consider, and whether there’s actually a reasonable fit between both sides. Sometimes that means having conversations that don’t immediately lead to a sale, and we’re comfortable with that.
How did you win your first customers, and where does most of your new business come from today?
The first set of customers that my agency started having, basically came through personal connections, conversations with people we met with organically, and of course, referrals too. We didn’t start out with having a large audience or the kind of marketing reach that established businesses have. A lot of it involved introducing people to what we were doing, understanding what they were looking for, and gradually building relationships. In real estate, trust takes time, especially when people are making decisions involving significant amounts of money, so those early relationships mattered quite a bit.
These days, even though referrals and personal connections still play an important role, we also now get enquiries through our online presence and people who come across our activities while researching investment opportunities. And of course, not every enquiry turns into a transaction immediately. Some people take weeks or months to make up their minds, and we sometimes hear from them again much later.
What’s one decision that changed the direction of your business, and one mistake that taught you the most?
One vital decision that really changed things for the agency was deciding to stop chasing every available transaction and become more deliberate about the opportunities we took on. At some point, we realized that being busy wasn’t necessarily the same as making progress. We started paying more attention to whether a deal actually made sense for everyone involved instead of just how quickly we could close it.
And also, a mistake that taught me a lot was taking on too much at once without having the internal processes to support it. Initially, I underestimated how easily important details could get lost when several clients and negotiations were being handled at once. This experience taught me that growth without proper organization can create more problems than it solves. Since then, I’ve become much more intentional about how we manage information, delegate responsibilities, and keep track of ongoing transactions.
What has changed in your industry or in what your customers expect over the last couple of years, and how have you adapted?
I think our customers have become a lot more cautious over the years, especially when it comes to making financial commitments. People now ask more questions, compare more options, and want to understand exactly what they’re getting into before making a decision. And as a result, we’ve had to become more patient, more transparent with information, and as i have mentioned before, less focused on simply getting a deal closed quickly.
If you were advising someone starting out in your industry today, what would you tell them to do first, and what would you tell them to ignore?
I would simply tell them to prioritize quality over quantity. I would tell them that they do not necessarily have to chase every lead and that one solid lead is way more beneficial for all than chasing multiple leads that might not end up turning into a successful transaction. This is not to say that every potential transaction shouldn’t be equally given attention to, but that the person should focus more on more informed and detailed transactions.
Thank you to Oren Sofrin and the team at Eaglecashbuyer for sharing what actually worked with Leaders Perception readers.
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