The Reputation Associated with Making a Lot of Offers

[Axel Ragnarsson]

Hi everyone,

I have a question for those investors who make offers on a lot of properties. We all know that in order to do more deals, we need to analyze more properties, and we need to ultimately make more offers. I am a licensed agent (the main reason I got my license was so that I could access the MLS and make more offers, more quickly). My question is - when making offers on a high number of properties (I plan to offer on properties even if I haven't had the chance to look at them yet), does an agent/investor start to develop a negative reputation that hinders them from doing business in the future? I want to start "growing my funnel" and offering on more properties but don't want to negatively affect my reputation and brand in my market.

Any input is appreciated. Thank you!

[Thomas S.]

The problem you face is that you are dealing with MLS listing. You will defiantly get a bad rep if that is where you are making your offers. You need to work FSBO and off market pocket listings.

The reason negotiating price after a inspection is a negative is because sleaze ball investors in the past have used that as a standard negotiating tactic regardless of what the inspections find. Their initial offer was never what they intended to pay. The reputation is out there and if you are planning to make continuous low ball offers on MLS listings you will be painted with that brush.

When I sell I make sure buyers are aware the inspection is only for their benefit to determine if they still want to purchase at the offered price. I do not accept reduced offers after inspections because I know the condition of my property when I set the selling price. If a buyer is going to quibble over 10K they can go elsewhere.