Good reply there Andrew!
Originally posted by @Andrew Johnson:
Fernando Cardona I think I’d start at the top. Do you have a pre-qual letter? Can you show a bank account with 25% down plus reserves? Have you visited the property? Have you done due diligence beyond a spreadsheet? And, most importantly, how many other properties do you own?
You have a good real estate market and it’s bred more that it’s share of “unreasonable” wanna-be (or yet-to-be) investors. Realtors work for free (actually burn their own money on expenses) so winging out 99 offers to get 1 accepted is a lousy use a good realtors time. And a *good* realtor should have developed a reputation. So think about this:
1.) Do you think a good realtor wants to become known as someone that sends low-ball offers?
2.) Will other realtors start to become dismissive of her calls because she’s spamming low offers?
3.) Do you think people on her team and in her office want to be associated (by proxy) with those offers?
That said, I have no idea if your offer is good/fair/horrible. Why you’re searching on Facebook for a realtor makes no sense to me but that’s another story.
If you’re that confident in your offer, call the listing agent and make a verbal offer. Or ask three other realtors to make the offer. If none of the three want to bother to put it in writing, well, you have your answer.
Not to mention that if you're looking at an SFR or duplex there have probably been enough traded where you can look on Zillow for sold pseudo comps yourself. It's a little haphazard and realtors are a WAY better resource but it's somewhere you can start.
