Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

66
Posts
28
Votes
Lisa Wright
  • Real Estate Agent
  • Metro Detroit
28
Votes |
66
Posts

Looking to Offer half of asking

Lisa Wright
  • Real Estate Agent
  • Metro Detroit
Posted

I ran the numbers and have a good idea of what I want to offer for a small house that is in very rough shape.

I'm a realtor and since I'm going through their realtor, would I use the same strategies for my offer?  

So far I'm torn btwn two:

Offer less with a conversation about the repairs that are obviously needed before it's habitable.

vs

Offer near asking and then after my inspection "crunched the numbers and the repairs needed and need to amend my offer".

My problem is im emotional about it because I want to live in it after some hardcore fixin'.  It has been on the market for a month.  Winter is coming and right now it's priced $10,000 over what they (over) paid (an investor, cash for house purchase this summer when the market was hot hot hot).  

I would appreciate any thoughts or insights if you were ever on the other side.  

Thank you

Most Popular Reply

User Stats

3,938
Posts
5,651
Votes
Greg Scott
  • Rental Property Investor
  • SE Michigan
5,651
Votes |
3,938
Posts
Greg Scott
  • Rental Property Investor
  • SE Michigan
Replied

Since you can, I'd talk to the selling Realtor before deciding on a plan of action.  Ask them about the seller's situation and what they are looking for.

  • Greg Scott
  • Loading replies...