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.
Real Estate Deal Analysis & Advice
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 5 years ago on . Most recent reply

User Stats

11
Posts
0
Votes
Phillip Garcia
  • Kelso, WA
0
Votes |
11
Posts

Are buyer requests overboard and a little absurd??

Phillip Garcia
  • Kelso, WA
Posted

This will be my first home sale. I listed this beach home 2 bed 2 bath with a loft one block from main entertainment strip in Long Beach Washington for 225k buyer offers 205k I came back at 215k in hopes of a 210k counter but they took it at 215k. Even better with earnest at around 2k. Now they are asking I replace the roof some wiring in the attic they want me to replace the entire door frame and door on the front door mind you the one now is not in bad shape at all. And the other thing is the want me to purchase a warranty on the appliances that are very old as it is I feel like this has gotten a little ridiculous with the requests. Am I right in thinking so and if so how should I address the situation or any strategies I can implement such terms or price or whatever. Thank you very much for your time.

Most Popular Reply

User Stats

2,227
Posts
1,775
Votes
Mitch Messer
  • Rental Property Investor
  • Playa del Carmen, México
1,775
Votes |
2,227
Posts
Mitch Messer
  • Rental Property Investor
  • Playa del Carmen, México
Replied

Hey @Phillip Garcia, welcome to BiggerPockets!

You've fallen victim to a Nibbler [see more about "the nibble" at https://en.wikipedia.org/wiki/...]! And yes, caving to their demands only increases the chances they'll keep nibbling away, because you're showing them it works.

One counter-tactic to the Nibble is Quid-Pro-Quo: Extract a concession, no matter how small, for every concession requested. "I'll give you a warranty, but only if we move closing up a week."

However, the best approach would be to give yourself options by continuing to solicit (backup) offers from other buyers. If you knew you could say "no" to the Nibbler, and they knew someone else was waiting in the wings ready to step in, you wouldn't be so vulnerable to their gambit.

Loading replies...