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Updated over 6 years ago on . Most recent reply

User Stats

107
Posts
55
Votes
Tristan Colborg
  • Real Estate Broker
  • Commerce City, CO
55
Votes |
107
Posts

Finally made first offer.... Unfortunately didn't get it.

Tristan Colborg
  • Real Estate Broker
  • Commerce City, CO
Posted
Well I have been reading and learning a ton over the past few months, looking at properties in the KC market and finally found one to make an offer on. The purchase price was at $67k and after running the numbers fit my cash flow criteria. I made what I thought was an aggressive offer... $72k cash purchase, 21day close, 10% earnest money. After a day of waiting just found out didn't get it, and went to someone who bid over $80k. It was a little bit of a let down to not get it, but need to keep moving forward. I'm wondering if it would be better to try and find a wholesaler for deals instead or start a direct mail campaign, what are your guys thoughts? Want to get my first deal by the end of the year.

Most Popular Reply

User Stats

77
Posts
36
Votes
Debra Thomson
  • Real Estate Agent
36
Votes |
77
Posts
Debra Thomson
  • Real Estate Agent
Replied

Don't give up - that deal wasn't yours to have apparently - and you learned a ton in the process.  I live in KC and AZ - both markets can be tough.  Being new also makes it a bit tougher -- the right one will come along.  Chalk that up to learning............  best of luck.  Go Chiefs!

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