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Updated over 3 years ago,
Strategy Talk: Multiple Offer Strategy on SFH/BRRRR
Strategy talk. It has been stated that giving multiple offers with different options is better than one offer. The theory is that it gives the seller an "either/or" versus a "yes/no". Anybody actually use this? How has it worked? I mentioned it to a couple realtors I use in different areas and they all be like "WHAT?!? Why?"
Current Situation: Have a property in mind that has tenants in place that are m2m...and have not allowed showings. So, they may or may not be a PIA, but we are looking to turn this into an STR and not a long term rental. Thus, thinking of doing the multiple offer strategy:
Option 1: low low price, as is, tenants stay
Option 2: a bit higher price, inspection, tenant stay
Option 3: higher price, inspection, deliver vacant
Thoughts? Has anyone used this type of strategy? How do approach your realtor about using it? How do you make sure your realtor conveys this appropriately? Does this leave out any type of negotiation?