Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Convincing sellers who want more than one offer to work with me?
Hey BP Fam!
I'm trying to get a property under contract right now. I toured the house with the seller today - it's a probate property, and it would make a great, low-risk investment.
After I toured the house with the seller though, he told me that although I'm the first person to reach him, he's interested in hearing other offers too. This is a situation I've been in a number of times, actually.
Besides giving them a great deal, what negotiation tactics do you all use to lock in a deal?
One idea I have is: when I deliver my offer tomorrow, see what the seller says. If they need time to think about it, I'll say, "Mr. Seller, what price would I need to offer to get you to sign the papers today?"
What do y'all think??