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Updated over 3 years ago on . Most recent reply

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56
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Mariusz Bojarczuk
  • Salem, MA
14
Votes |
56
Posts

Why turnkey pushes for immediate action

Mariusz Bojarczuk
  • Salem, MA
Posted

Hi,

A turnkey company is pushing me into immediate action. I never bought a turnkey. I checked the prices of houses on the street my future property will be and all prices are 10 or 15 thousand less than the property I am being offered. 

What should I do? Back out of the deal? They are very insistent and say I cannot be stopping them from doing business by taking time to do my due diligence. I am shamed for not acting fast enough.

Thank you for any responses.

Mariusz

Most Popular Reply

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3,286
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3,788
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
3,788
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3,286
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
Replied

@Mariusz Bojarczuk Well, you're talking to a turnkey company and their job is to sell.  ABC:  Always Be Closing.  How many times have you heard a realtor say "If you like this, you'd better make an offer quick!"  Not all realtors are like that, don't get me wrong, but you never hear a listening agent say "Hey man, take your time, nobody else has come to this open house today.  Give us like 2-3 weeks and we'll probably do a price drop."  It's not their job to do that.  Their job is to sell the home.  It's the same with the turnkey company :)  It's not "good" or "bad"...it's just their business.

Maybe the better question to ask is why do you care if someone out of state, on the phone, who (if you back out of the deal) you'll never talk to again is "shaming" you?  I know this is heartless to say but if you want to be in real estate you're going to have to toughen up.  Just tell them that you need to do your due diligence, cannot accommodate their timelines, and they are now free to do business with someone else.

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