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.
Buying & Selling Real Estate
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 about 7 years ago,

User Stats

54
Posts
5
Votes
Brandon Lancaster
  • Professional
  • lincoln park, mi
5
Votes |
54
Posts

Closing a Deal w/ Cash Offer, No Agent, while Property is Pending

Brandon Lancaster
  • Professional
  • lincoln park, mi
Posted

I Need Creative Ideas and/ or Suggestions to Stop a Transaction from Happening and Close this DEAL,  ALL CASH ASAP.

So I Recently Found a Home I want to Purchase All Cash. but the Home is Already in Pending Status & Now Says (on Zillow) Taken off Market.

I Stumbled upon the Home Because i was in the Area Biddding a Job. 

Long Story Short I Find out that they Already Have an offer & "Possibly" have Accepted an offer (though i was told by owners brother i could still put in an offer, so IDK)

My Questions are , if she has Accepted an offer on the property , But Feels my offer is More Attractive can She Change her Mind and sell it to me All Cash??   instead of Waiting on the other Party to Get Approved for Loan? ( if they arent approved already) 

Also Part of my Strategy to Making my All Cash Offer even More Appealing is to "Somehow, IF POSSIBLE"??? Release her Realtor from being involved and by doing so FSBO (For Sale By Owner) She will Save Approximately 6% ? Realtor Fees, Plus Another Approx $2K in Closing Costs

Asking $73K 

Minus Realtor Fee & Closing Costs They Should Save Around $7K

Now We're At Around $ 66K  

I Also Would Allow Her Extra Time to Move out without the Rush, And She would Receive Money Much Sooner.

Im Meeting with her in 2 Hrs!! & NEED to TRY to Get Creative Somehow/if Legally possible?? AND CLOSE THIS DEAL.

(Ill Keep Realtor in Deal If I Must, I Just Felt That was a Bonus for Both of us If Possible.)

THANK YOU FOR "ANY" HELPFUL INPUT,  IDEAS OR SUGGESTIONS !!

Loading replies...