Agents who push monthy payment over price paid

[Lynn McGeein]

Just a developing pet peeve -- cannot stand it when an agent tells me, Well, the extra thousands they want you to pay in their counter-offer would only be $X more a month, and that's not much at all! Like I'm being cheap by not wanting to accept a measley $35 more a month to make the deal go through. I was taught that you make money when you buy right. Paying thousands more most likely means walking away with thousands LESS when you sell, in addition to the $400 or so extra per year in payments that will have to either come from the tenant or out of your own pocket. Those thousands of dollars are not just a slightly higher monthly payment -- they ripple through the entire investment, and should be a huge consideration whether to accept a counter or walk away. I realize an agent may think they are phrasing it in a way that sounds more acceptable, but in reality it just makes me think they really don't know what they are doing.

[Kevin Kaczmarek]

Lynn, you are 100% right and I think Will B said it best at the BP Summit, when an agent gives you push-back or calls for highest and best do not bid against yourself, because in most cases that is what you are doing!