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Updated almost 6 years ago on . Most recent reply

User Stats

13
Posts
6
Votes
Roderick Martin
  • Rental Property Investor
  • Waialua, HI
6
Votes |
13
Posts

Help!!! How do I make a multiple price option offer?

Roderick Martin
  • Rental Property Investor
  • Waialua, HI
Posted

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

User Stats

303
Posts
363
Votes
Steve Hall
  • Rental Property Investor
  • Texas
363
Votes |
303
Posts
Steve Hall
  • Rental Property Investor
  • Texas
Replied

@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...

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