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Updated over 6 years ago on . Most recent reply

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51
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16
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John Prucha
  • Denver, CO
16
Votes |
51
Posts

Negotiating for the "home run" purchase price

John Prucha
  • Denver, CO
Posted

I recently started my investment journey and have been making offers on places with the "home run" price in mind. I would love to hear what has brought others the most success. Making the offer at the home run price? Offering less and negotiation towards the goal? I'm all ears, and thank you!

Most Popular Reply

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1,603
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918
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Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
918
Votes |
1,603
Posts
Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
Replied

I always have a price that work for me. My numbers, my portfolio, and then offer it. Sometimes it's a real lowball offer, but it has to work for me, and hopefully them.

I don't think there is such a thing as a home run offer, just good quality base hits.

I had a guy tell me years ago that if you get the bid, you bid too much, and if you don't get the bid, you bid too little.

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