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Updated over 6 years ago on . Most recent reply

User Stats

30
Posts
7
Votes
Jeffrey Bland
  • Fort Worth, TX
7
Votes |
30
Posts

Getting offer accepted

Jeffrey Bland
  • Fort Worth, TX
Posted

I am trying to buy a duplex that is need of updating.  I made an offer over a month ago of $90k and the list price is $129k.  They countered at $128k.  It has now been about 5 weeks and they haven't lowered their price and they haven't sold yet.  I think I can still make money on the property if I pay $100k.  Does anyone have any recommendations on strategy for guiding them into accepting my offer?  I have searched BP for offer letters but they mostly seem to represent seller-carry offer letters.  

Most Popular Reply

User Stats

211
Posts
174
Votes
Jackson Pontsler
  • Flipper/Rehabber
  • Salt Lake City, UT
174
Votes |
211
Posts
Jackson Pontsler
  • Flipper/Rehabber
  • Salt Lake City, UT
Replied

So many things here.

1.  IF YOU ARE USING AN AGENT THIS IS A GREAT TO MAKE HIM WORK FOR HIS MONEY.

2. Other ways of making your offer more accpetable is removing financing conditions (ONLY USE IF YOU HAVE CASH OR HML)

3.  Offer flexible closing time frames.

4.  Play an emotional angle with a video or letter to the seller with your offer.  

5.  Submit your offer again and again each month, you never know perhaps on the of the tenants creates a big enough headache that they finally accept your offer.

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