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.
Wholesaling
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 10 years ago on . Most recent reply

User Stats

1,871
Posts
1,458
Votes
Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
1,458
Votes |
1,871
Posts

How do I control the conversation when a seller wants me to give them a price?

Larry Turowski
  • Flipper/Rehabber
  • Rochester, NY
Posted

Michael Q said on a recent podcast that he never give the seller a price.  He controls the conversation and makes (guides) the seller into giving and lowering the price.

I can't seem to make that happen.

I had a seller who was relocating and needed to sell his home in order to close on his new house in 5 weeks. He gave me a price of $84, the assessed value and likely a little above FMV. I tried the "$84K? Hmmm....is that the best you can do?" He said he was negotiable. When I asked what he could do he asked me to come out and see it and tell me what I thought. I said I need to know that we are in the same ballpark before coming out and again tried to get him to give me a price, but he kept saying, you tell me.

I felt like I was trying too hard to control the conversation and it became adversarial.  

I finally told him it would likely need to be in the high 50s.  And he  said it would need to be at least $80.

Okay, so maybe it wouldn't have been a deal  regardless, but how do I do a better job of controlling the conversation when the seller keeps putting it back in my court?   How do I overcome, "Just come out and look at it," or "What can you offer me?"  This happens to me a lot.

Loading replies...