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Updated almost 9 years ago, 01/31/2016

User Stats

29
Posts
10
Votes
Chris Cozzens
  • Franklin Lakes, NJ
10
Votes |
29
Posts

Strategy For First Offer

Chris Cozzens
  • Franklin Lakes, NJ
Posted

Ok, over the last few weeks/ months I have dedicated a huge amount of time to learning the basics, learning how to find a deal, what makes a deal, and finding good areas near me to invest in.  

I am now at the point where i have looked at approx 100 deals over the last few weeks, crunched a ton of numbers, seen a few houses, and I think I am at the point of making my first offer.  

I am currently working with an agent on this property which i found on the MLS. I am wondering through experience which shows the best results. I am debating between offering my ideal offer right off the bat, then if they decline/counter with something unreasonable, I will walk away. Or giving them a lowball offer at the risk of offending them, and hope to give them a "win" by eventually conceding to my original ideal/max price.

This may seem like a basic question, however in your experience, which types of offers have you had positive experiences with?  

Lastly, since this will be my first offer ever, any tips?? 

Thanks in advance, 

Chris

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