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Updated about 12 years ago,
Making Offers to Sellers and What Works?
My question is for wholesalers and flippers- I've been experimenting with different methods to shoot offers over to sellers. Some investors do it right over the phone. Others have a formal purchase offer form they send through email or snail mail. I'm interested to hear how you do it? What has worked best for you?
A very successful REI does it through snail mail. He includes a front cover to explain how he arrived at his number. He includes summary pages of comparable sales with his offer. The seller receives it through mail, has a moment to read in through and hopefully all their questions are answered right there regarding comps and how you got your number, then the buyer calls them to talk. It sounds a lot better then getting yelled at over the phone when you tell them your offer price, right??
I heard that some people make multiple offers to one seller. Like they give one seller three options to choose. I'm guessing that means they suggest owner financing and other creative real estate options... I'm not exactly sure what they do and I've tried to look more into that but cant really find anything on it. Does anyone use that method? I'm interested in giving that a shot too.