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Updated over 5 years ago on . Most recent reply
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Structure a low ball offer so it is stronger
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?
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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.