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Updated about 11 years ago on . Most recent reply

Jeremy D.'s profile image
Jeremy D.'s profile image
Jeremy D.
  • Investor
  • from Grand Rapids, Michigan
  • Member since Jan 4, 2012
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Jeremy D.'s profile image
Jeremy D.'s profile image
Jeremy D.
  • Investor
  • from Grand Rapids, Michigan
  • Member since Jan 4, 2012
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Jeremy D.
  • Investor
  • Grand Rapids, MI
8
Votes |
74
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General Real Estate Investing

Highest and best tactic

Jeremy D.
  • Investor
  • Grand Rapids, MI
Posted

I'm making an offer on a foreclosure listed for $26k. There are 5 offers on the property including mine. My agent suggested that I offer $26k, but put in a clause that i'm willing to go $1k over the next highest and best offer up to $40k and for the seller to provide the next highest offer as proof, if i win. This seems sketchy to me. Anyone come across this before?

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Phillip Dwyer
  • Real Estate Agent
  • from Henderson, NV
  • Member since Aug 26, 2011
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Phillip Dwyer's profile image
Phillip Dwyer's profile image
Phillip Dwyer
  • Real Estate Agent
  • from Henderson, NV
  • Member since Aug 26, 2011
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Phillip Dwyer
  • Real Estate Agent
  • Henderson, NV
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Phillip Dwyer
  • Real Estate Agent
  • Henderson, NV
Replied

why not justbid 40? What's the market value?

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