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Updated over 5 years ago on . Most recent reply

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Eric Roloson
  • Flipper/Rehabber
  • Kelso, WA
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Structure a low ball offer so it is stronger

Eric Roloson
  • Flipper/Rehabber
  • Kelso, WA
Posted

If I was to put in a very low offer due to the fact that the listed property has had no written offers in 2 weeks how would I structure that?

Example: 100k property with an offer of 60k

I know that's a large spread of 67%

What kind of earnest money? No contingencies?

What types of strategies would you implement to make it most attractive?

Most Popular Reply

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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Eric Roloson:

If I was to put in a very low offer due to the fact that the listed property has had no written offers in 2 weeks how would I structure that?

Example: 100k property with an offer of 60k

I know that's a large spread of 67%

What kind of earnest money? No contingencies?

What types of strategies would you implement to make it most attractive?

 You'd want to do a cash offer with a high non refundable earnest money deposit ($10k+) and a quick closing (14 days or less) with zero contingencies. 

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