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 almost 6 years ago,

User Stats

7
Posts
0
Votes
Steve Leonard
0
Votes |
7
Posts

Submitting an offer on an MLS Property

Steve Leonard
Posted

Hey Yall,

I'm brand new in the Real Estate game.  I'm ready to step out of my comfort zone and make some bids on some properties.  Think I have a handle on if the property is not listed but I found a property that is listed with an agent for $190k Comps are $190-$240k range.  The owner lives in California and property is in NC but the description says to make an offer.  The property was purchased for $27k in 1972.  I'm assuming to wholesale this property I'm going to need to be around $115k then list for $125-$140k.  So a couple questions:

1. Do I just tell the listing agent my offer is $115k (cross my fingers) and to send me a contract?

2. There's really nothing to prevent the realtor to come back over top of my offer and take the property for themselves if the seller agreed to such a reduction correct?

3. When/If I get the contract from the seller do I take it to my attorney and have them adjust the language to allow me to Assign or Double close? Make sure I have a 30 Day inspection period. 

Thanks so much in advanced. 

Steve

Loading replies...