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Updated over 5 years ago on .

User Stats

6
Posts
2
Votes
Jorge Gordon
2
Votes |
6
Posts

Interacting with agents, low offers for Listed properties

Jorge Gordon
Posted

I made a comment that has now turned into a bet...

There are properties on the MLS, on market way over average days on market, that need cosmetic rehab, often inherited (per County records), and not selling because they're listed way too high. No idea why or why the listing agent allows that.

I think I can get these at investment prices...I mean why not, they want to sell, there might be some motivation, and if the market thought the list price was right these would have sold already..Broker buddy of mine doesn’t want to make low balls for various reasons, and bet me I can’t get these under contract...so now I need to prove him wrong...

I feel like I should be able to just talk to listing agent, explain who I am and what I’m doing, and Indicate I can make a cash offer and can provide proof of funds...and if that’s something seller will consider I’ll send over the paperwork and set up an inspection...

Any tips on how I can win this bet?