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Updated about 2 years ago on . Most recent reply

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Burr Guy
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How does the negotiations go in buying real estate

Burr Guy
Posted

I am in an extremely tough market in California and the realtor that is sending me deals is a family friend who is hard to approach. I am analysing deals and none of them make sense. No cashflow. no discounts, but they might work if they lower their price.

The problem is my realtor and I need a new realtor and also need to find out, How is an offer submitted that is below the asking price? How do negotiations go? do I just call the realtor number on the listing? How low is too low to offer and when do I just say that is just too far off from where it would make sense.

Thanks

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@Burr Guy @J Scott Welcome to the wonderful world of investing Burr, you should read or listen to "The Book on Negotiating Real Estate" by J Scott, Mark Ferguson, and Carol Scott. It's very useful and an essential tool for learning to negotiate like a professional. All the best Burr, have a great day. 

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