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Updated almost 7 years ago,
Was I out of line? Advice
well I’ve been watching and learning a lot books and bigger pockets webinars and articles. In one webinar Brandon says that it’s not the price it sells for it’s the price that works for you. He also says get a good real estate agent.
So I wrote in a Facebook group that I was looking for real estate agent.
A few people contact me. And One person asks me that if I’m talking to other agents. That if I wanted to work with that person shouldn’t be talking to several as to not waste time.
It made sense to me. So I wrote back this.
I saw email.
Just so we are in the same page I will analize the properties you send me and I'll estimate for an 8% ROI.
And submit offers on the ones I think would work for me.
Is that okay with you? Meaning I expect to be rejected at least 9 out of 10 times.
Not going to write exactly what the person replied because I don’t think that’s appropriate.
The person replied something similar to this:
While she appreciates that I want to get a good return on my investment, this is considered low balling, and it’s not a good practice. Most investors have an intent to purchase, and that is offering close to market value and id be best served with someone else.
Second question if a property is sold for 140000. Offering 98,000 is that considered low balling?
Well any insight appreciated. I’m fairly new and don’t want to offense people.