Q: Can you make 3 offers at the same time to the seller?

Question

Scenario: I'm trying to purchase a property that's listed on MLS.

Erik W. · Answer

I do it all the time. Did it this last week on two properties: a 10,000 sq foot commercial warehouse and a residential 4-plex. Got the 4-plex under contract yesterday; got a verbal acceptance from the Seller of the warehouse, and hoping to ink it before the weekend is done.

The psychology behind the single offer is "take, leave, or counter." I don't want leave, and I only sometimes want counter. Ideally, I give them three choices, all of which make me happy, and they pick which one.

Example:

Offer 1 - All cash. Lowest price, 5 days to close, "as is" no contingency.

Offer 2 - Seller finance 20%, money partners and I bring 80%. Higher price than 1,but a standard 30 days to close. Usually "as is" with no contingency unless one of the partners want to look over something specific. Limited due diligence at most.

Offer 3 - 100% Seller finance. Highest price. Close it as fast as title work comes back.

I have never had someone refuse all 3 offers, so I accomplish my goal of avoiding a flat turn-down. Then we enter negotiations, which is fine for me as I can always walk if they demand too much. But I prefer to get to know them a bit while we negotiate so they know I am serious and they get "invested" in selling to me.

Darius Pasilaban · Answer

Thank you everyone for your input. I read each one, top-to-bottom, and learned a lot today. Your feedbacks just made me a better real estate investor. :)

Jay Hinrichs · Answer

Very common strategy.. for instance

you just say offer A is all cash

offer B is half down and you carry a note.

Offer C is what ever else you can dream up.

most of us that have been doing this for any number of years will write mutiple choice offers often if we are not paying cash

or going for a wrap or seller contract type thing.

Marci Stein · Answer

Absolutely. There are no rules . I usually make 2 , one cash and

1 loan , the first one is always lower

than the second.

Account Closed · Answer

Certainly can.

Kenneth Garrett · Answer

@Darius Pasilaban

I have you used the three offer concept both with MLS properties and off market. Option one is all cash, option 2 there price with seller financing and option 3 offer between all cash and seller financing larger down payment then option 2. I got my first BRRRR this way.

Good Luck.

Noah Scott · Answer

Great example @Erik Whiting! You're stacking the odds in your favor there for sure.

Kenneth Mooney · Answer

@Darius Pasilaban of course. I’d let them know all three are from you obviously. Multiple offers is a common strategy with wholesalers and investors buying off market.

Scott Anderson · Answer

They can only accept one offer since there’s only one property. So, yes.

Where you need to be careful is making offers to multiple properties.

Andrew B. · Answer

I don’t see why you could t. Just explain what you wanna do to your agent.

Q: Can you make 3 offers at the same time to the seller?

Q: Can you make 3 offers at the same time to the seller?

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