Anyone finding properties now at 70-80% market value?

[Sam Mathew]

I use to put out 10 cash offers approx 75% of market value and 10% of the time, a Seller would accept. Now, not a single one has been accepted.

Just curious, but have others had good luck with some good stories in 2021?

[Lara White]

@Sam Mathew No, not so much...  some strategies that might help. 1.) Calling the listing agent (if it's listed) before making the offer, feeling out the agent and the seller.  I'll do this each and everytime it's a lowball offer (what a 75% market value offer is now days!), and actually anytime I offer lower than list price right now.  2.) Only doing this on properties that have been on market for longer than 30 days. If it's not been on market that long...they probably aren't ready to reduce that much.  They still think it'll go over ask!