"If you close more than one out of ten offers, you're paying....

[Jimmy Mills]

I believe I once read something to the effect of "if you close more than one out of ten offers, you're paying too much." It may have been one out of 30, but I'm curious if others feel that way today. With the books from this website suggesting that 70% ARV - Repairs for flips and 80% of retail for rentals, It seems like it would be one out of 50, rather than one out of ten, especially where I'm buying. We have less than 3 months inventory and folks are getting full price with less than a week on the market.

[Russell Brazil]

Originally posted by @Jimmy Mills:

 "if you close more than one out of ten offers, you're paying too much."

 Sorry to be mean here...but this is one of the most absurd statements I've ever read.  On my own properties I get about 9 out of 10 offers I make. If you are only getting 1 out of 10 accepted or less....then you simply do not know how to operate in the market place and you are just wasting your own time writing fruitless offers and other peoples time too.