Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago,

Account Closed
  • Investor
  • Sunnyside, NY
114
Votes |
355
Posts

I'm curious - what would you tell a potential buyer?

Account Closed
  • Investor
  • Sunnyside, NY
Posted

A realtor listed a property online. The building is a feature in my town and I've driven past it my whole life. So being curious (as a buy and hold investor), I emailed her to ask what kind of rents one could charge in that building.

Long story short, she emails me back to say the owner is behind in his mortgage and is desperate to sell and any offer would be considered. I just felt that saying this was putting herself (and her client) in a very weak negotiating position. The apartment if beautifully renovated yet the asking price is market related and reasonable compared to comps (that are less nice and less well renovated).

If she just marketed it as normal, she would probably get her asking price or close to asking price without much trouble. But she's going around emailing people who express interest that her buyer is desperate.

I'm going to pass on the property anyway, for other reasons, but just curious as to what realtors out there would think of her strategy.

Loading replies...