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Updated over 5 years ago on . Most recent reply

User Stats

45
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41
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Joe Ferguson
  • Real Estate Agent
  • Saint Petersburg
41
Votes |
45
Posts

Mentioning Seller's Original Purchase Price.. Bad Form?

Joe Ferguson
  • Real Estate Agent
  • Saint Petersburg
Posted

Hey BP,

I am negotiating on a 4-plex where the seller is asking 319K and I need to get it to at least 280-290K to start making sense. 

I was amazed to find out that he paid 64K for it in 2013. Factoring in 6 years worth of cash flow, this guy is making an easy 500-600% on his 64K. I am aware that this is irrelevant but makes me feel better about being more aggressive. 

Is it considered offensive to mention anything regarding a seller's purchase price or profits in a negotiation?

Thanks in advance.

Most Popular Reply

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6,882
Posts
7,448
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
7,448
Votes |
6,882
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Replied

It doesnt matter what they paid for it .  

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