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Updated over 9 years ago, 06/23/2015

User Stats

688
Posts
607
Votes
Devan Mcclish
Pro Member
  • Investor
  • Nashville, TN
607
Votes |
688
Posts

Offer price in the letter

Devan Mcclish
Pro Member
  • Investor
  • Nashville, TN
Posted
I saw a wholesaler on the site use a letter like such: "hi my name is XXX. I want to buy your property at 123 Main Street for $XXXXX$" She put an offer price in the initial offer. And the offer price was 45% of the ARV based on comps she found. She looked up every one of the properties beforehand. What does everyone else think about this strategy? One of the biggest objections I get from sellers is this Seller: "yeah you sent me this letter about my property at 123 Main Street" Me: "yes thank you for responding blah blah" Seller: "so what is your offer" That seems to happen more times than not. Question 1: is the offer price in the letter a good strategy Question 2: if not, how do you overcome that objection from the seller

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