Justfying your offer on REOs

[Renel St. Fleur]

On my previous post, I need answers on the Earnest money, but I have got that settled. Now me and my partner are ready to make offers on REOs. We trying to see if we can do it a different way so we can have a higher ratio of offers accepted. We are going after high end homes that has been on the market for 100+ days and making cash offers. Many investors Ive heard are just making lowball offers on many properties and I completely understand that it is a numbers game, which is why we are doing the same thing. However, if I was making a low ball offer, I would like to justify by presenting them with a CMA from our Realtor, giving them a cover letter showing how we came to that offer and a list of repairs that are needed.

I understand its more work to do, but I feel that maybe I can get my offers accepted more if I explained why I made a lowball offer,and I just wanted to if anyone has done anything similar to that and were they successful. My partner wants to make a lot of offers, but I wanna do them to at least show the bank that I did some homework on these homes.

What are your thought?