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Updated almost 6 years ago on . Most recent reply
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Help!!! How do I make a multiple price option offer?
What's up awesome BP crew? OK I finally found an inside deal. I am an electrician and one of my customers just mentioned the family wants to sell the old family house which is held in the family trust. How do I write an offer to give them 3 choices to pick from?
Ex. 1. All Cash 2. Owner carry 3. ? Etc.
I have heard about doing this on the podcasts but have never seen the details.
Does anyone have a letter I can copy? Any advice?
Most Popular Reply
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@Roderick Martin I often start with a low price offer with terms that are more favorable to the seller. (e.g. all cash, quick close, 20% down, no inspection, etc.)
Then when they counter with a higher price, I raise my price to meet them half way, but I change the terms so they are more favorable to what I want. (maybe finance contingency, 45-60 day close, inspections, 5% down, seller pays closing costs, whatever...)
Of course you could always submit 3 written offers and say choose one. I just don't like showing my hand.
Let us know how it goes...