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Updated about 7 years ago on . Most recent reply

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258
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Isaac El
  • Springfield Gardens, NY
63
Votes |
258
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Making Offers Tips/Advice - whats your style?

Isaac El
  • Springfield Gardens, NY
Posted

I have been calling home owners of distressed properties and I can get to the appointment, I am struggeling a bit on making offers, owner has one price in mind, lets say $500k, but property is really worth $300k and right away they shut it down, even after explaining, repair values and other costs associated it with it.

Want to see what other tips/advice or different ways people make offers to buy.

Most Popular Reply

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7,658
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
4,300
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7,658
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

@Isaac El

When we have a unmotivated - or not sufficiently motivated - vendor we will often table our offer as open ended (with no expiration).  If the vendor sells for the {initial} price they want, good for them.  If they do not, we will be happy to receive their call or e-mail several months down the road.

  • Roy N.
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