Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 almost 10 years ago on . Most recent reply

User Stats

170
Posts
21
Votes
Alvin Grier
  • Detroit, MI
21
Votes |
170
Posts

How to Encourage a Counteroffer from Homeowners?

Alvin Grier
  • Detroit, MI
Posted

As investors, we know that sometimes we have to make offers to homeowners that they might feel is way too low, right?

Well, in our business, we put a lot of pride and effort into developing a rapport with our prospective sellers, and like anything else in life, this "rapport" has it's positives and negatives.

The negative, is that we've found that some of these people like us so much that they're afraid to tell us that our offer is too low.

Instead, they might tell us via email (instead of calling us back) to tell us that our offer is too low...  sometimes, we never hear from them again.

Our goal, is for them to at least reply with a counter offer, instead of them just saying that our offer "won't work," and leaving it at that.

When it comes to dealing with fellow investors, we all know that there's usually some "wiggle room" for negotiations, thus getting a counteroffer from another investor happens all the time.

Homeowners aren't always willing to counter, so therein lies the challenge.

So my question:

How do you go about encouraging homeowners to reply with a counter-offer if they don't like your initial offer?

Loading replies...