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Updated almost 7 years ago on . Most recent reply
![Kody Foster's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/796159/1621497615-avatar-kodyf1.jpg?twic=v1/output=image/crop=860x860@135x36/cover=128x128&v=2)
Negotiating my first deal this very moment!
I am in the process of negotiating my first residential rental property right now.
A little info:
Asking price- $41,900
Our first offer-
$24,000(house needs $15,000 in repairs, all cosmetic, nothing structural) we cover closing cost, 10 day option period/ $100, title policy and survey at sellers expense.
Sellers counter- $32,500, but accepted all other terms.
Buyer(me) counter- $28,000, this is where I will bring up the needed repairs to the property. If seller refuses or doesn’t come down to at least thirty I will tell them my offer is good for 4 days and wait to hear from sellers agent.
Any suggestions, tips, advice, etc....?