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All Forum Posts by: Rowlens Melduni

Rowlens Melduni has started 2 posts and replied 4 times.

Post: Any thoughts on Time-limited Offers?

Rowlens MelduniPosted
  • Investor
  • Rochester, MN
  • Posts 4
  • Votes 0

Thank you all for your thoughtful advice and invaluable comments...appreciate all. I do feel obligated though to throw a little nitro I my engine before entering the race. Lol. The seller allowed me to do a walk thru and I feel comfortable making a full price offer along with my earnest money and preapproval letter, but will set my deadline 2 days prior to listing. If the seller does not counter or accept my offer before the deadline then I am out.

Then what if he comes back later after the listing date with an offer to reconsider my original offer. Do I play hardball and risk losing the deal or just accept to buy at my original full price offer?

Post: Any thoughts on Time-limited Offers?

Rowlens MelduniPosted
  • Investor
  • Rochester, MN
  • Posts 4
  • Votes 0

I’m interested in buying a hot property that is currently not listed. The agent strategy is to create hype up to the point of listing Several days from now. The property at this point is listed as an upcoming listing.

Any thoughts about making a solid time limited offer to expire prior to the day of listing?

@Frank Procopio

Thank you all for your wise comments. The purpose of our meeting is to connect with each other, discuss goals and see if we’re a good fit to work together moving forward. While I agree with all in being upfront , I was wondering if this could be an opportunity to find out a bit more about the realtor’s level of honesty and integrity. Is that deceitful of me to do?

I mailed letters to potential sellers in my neighborhood, which is a up and coming area with rent growth across from a major university. I sent out letters and have been in contact with a potential seller with a portfolio of 4 properties. However, I just met a realtor during a REIA meeting in the same area who is meeting with me for coffee to discuss a potential 4-property portfolio ff-market deal." Clearly this is the same deal which I thought was my deal. I am afraid the conversation could be awkward when we meet. How would you handle this situation?