All Forum Posts by: Brandon Herron

@Brian Pulaski I've received at least 4 offers. 1st offer was full asking price @220,000 2nd offer was cash offer 10,000 less than asking..i chose to negotiate to 5,000 less versus 10,000 and they accepted. We took the cash offer. After inspection they came back to 210,000 so I tried to negotiate to 213,000 and they immediately rejected and fell out of the deal for unexplained reason other than having to leave country. 

That's when we later found out that we had at least 10 reviews of the home from prospective buyers that we had to force the realtor to hand over.

Another offer we accepted @ 207,000 just to be done but lady pulled out 30 mins before the option period was over because she found another home over the weekend. 

So after analyzing the reviews I realized that the realtor priced too high initially seeing as we still had ugly green carpet and wall paper which didn't deem the house move in ready. 

There are many properties to chose from in the arlington, Texas area. A bit of an over saturation in my opinion. So the high price point did not work just because it's a "sellers market". 

I currently have an agent. I've gotten several buyers. A couple deals fell through. As time have progressed the listing sits longer and longer so offers have waned. Due to my experience with the current realtor..i am now considering FSBO. One offer I received on the home was because I was at home to show the home and they later submitted an offer. When the deal was in the realtor hands that's when it got a little hairy. Thanks for the great advice.

Your right. Just exploring my options..looking for a creative means to get this house sold and move on with my life and make a little bit of cash. 

It may be too much trouble to suss out individuals who have walked through the home if I went the FSBO route, so that may be my main deterrent. Appreciate the comments, I'm just exploring different ideas as this may be the best opportunity for me to put some money in my pocket to start my real estate investing journey.

All great advice! Thank you. I'm mainly concerned with getting a decent return to utilize for future investment. I also thought about lowering price and trying solo for a couple of weeks before using another realtor. I've had several offers and deals that fell through so I know I can get full asking price, especially if I remove the GREEN carpet.  I just don't have the experience at selling on my own but believe it may be possible. 

I'm currently selling my family home (due to divorce) that's been on the market for at least 90 day's. We are looking to take the property off the market and maybe install some new flooring in living area and possibly take down some unsightly wall paper. We weren't too satisfied with the realtor and I was wondering if it is a stretch to list the property as FSBO at a considerably lower price? I've researched selling on my own but I was looking to see if I could get some feedback from people who may have had experience with this method.

@Dmitriy Fomichenko

Thank you! I really appreciate the help. I listen to the podcast but this site is a whole monster to navigate within itself.

@Kenneth McKeown Thank you for the welcome and information. I've run some quick numbers for different scenario's. It makes more sense as a "buy and hold" but I'm going through divorce and share the property with the ex and she want's a portion of the equity to move on. Refinancing would make the payments rise I'm told. But just recognizing the potential opportunities have me excited even if I can't leverage this property. 

I'm reading and soaking up as much info as possible. Thanks again!

Hello all. I've been contemplating real estate investment and development for quite awhile now. I'm looking to start in the greater DFW area and possibly Oklahoma City if possible. 

I work in an architectural firm in Ft. Worth, Texas and will be licensed within this year and hope to leverage my knowledge of the construction industry into creating new opportunities within real estate. 

I'm interested in Fix and Flips and Buy and Hold properties. I currently own a home through marriage that I'm looking to sale that I've lived in for 1-1/2 years. I don't consider it my first deal but now that I'm more committed to starting my investment journey, I'm definitely taking any hardships presented and using them as opportunities to learn. Hopefully I can get a little money out of the sale to fund my first deal.

I look forward to breaking out of my shell and interacting, learning, and possibly networking in the future.

Thank you.