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 about 8 years ago on . Most recent reply

User Stats

912
Posts
107
Votes
Patrick Philip
  • Florida
107
Votes |
912
Posts

As a wholesaler, should I expect 99% of my callers to want FMV?

Patrick Philip
  • Florida
Posted

That's all I've gotten so far. No deals.

Most Popular Reply

User Stats

21,918
Posts
12,876
Votes
Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
12,876
Votes |
21,918
Posts
Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Yes, any owner will want FMV, if they are of sound mind, dealing in good faith, they are entitled to a FMV. What might be negotiated in keeping with fair dealing will be the FMV if the property has been exposed to the market for a sufficient time.

A more motivated seller may take less than an asking price, they might give you a better deal if that benefits their position. You need to understand that position. 

"Deals" are not found, they are made!

If you know what makes real estate valuable, the different functions, then you'll understand how to make what you buy more valuable, then you profit even if you paid a FMV at that time.

Any owner has already been through the purchase side of a transaction, if you haven't, they have more experience than you do, you need to learn how to justify an offer, then you can make a deal. 

Good luck :)

Loading replies...