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Updated almost 7 years ago, 03/16/2018

User Stats

60
Posts
34
Votes
Max Gomeniouk
  • Thiensville, WI
34
Votes |
60
Posts

Enhance an offer on estate sale

Max Gomeniouk
  • Thiensville, WI
Posted

Good evening BP!

We are negotiating on an offer for a property that is part of an estate. This is a flip opportunity. After going back and forth with price twice we are about $8,000 apart and I am not as comfortable absorbing this difference by my profit. I wanted to see if anyone had any other suggestions on how to spice up the offer without giving in on the price. Below is what we had offered already.

1. 170,300 offer price (Sellers previous counter was at 178k)

2. Contingency for Financing with 30 day close

3. Seller can leave their unwanted belongings for us to remove

4. No inspection contingency

We considered taking out financing contingency and come up with more cash to close the deal, however, our agent stated that the sellers are in no hurry and are mostly concerned with their bottom line. History of listings supports this. Sellers had been on the market since August, 2017 and only moved on price once.

I appreciate your input!

Max

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