Hi all,   We're in the process of submitting an LOI for a multi family property in Detroit MI.

You only get one chance to meet with the contractor before he writes a bid for the scope of work and cost which is submitted to the lender.

There's nothing illegal or unethical about you submitting offers on your own.

He asked Bill to submit a verbal offer to the Seller.The Brokerage for Agent Bill is a well know Brokerage.

We first submitted our plans to the city in December.

Did you not submit it when you signed the contract?

Scenario: $1,000,000 List priceBuyer #1:offers $960,000 submitted with a qualification letter for the same $960,000 with $5,000 scribbled in the deposit line of offerBuyer #2:offers $955,000 submitted with a qualification letter for $1,213,700 (odd number is for a reason) with a $40,000 Good Faith check or Escrow Letter Most sellers and listing realtors would go with Offer #2, where the buyer is negotiating from a Position of Strength, backed up with a substantial Deposit showing they are a serious and capable buyer.

I just submitted my application for HOA board on one of my 4plexs, and if selected will be in Las Vegas more often.Looks like you are doing well with your SFR's, it's an accomplishment to net 10k per month.

What data elements are required to submit on a pre-approval application?

The seller is basically telling you that they can't get their price and they are frustrated and decided to sell on their own...Sellers sometimes just don't listen to their agents and insist on listing at a price that's too high for the market and the property's condition.If a price is too high, buyers won't request to see the property.If the price is slightly high, buyers will come but won't submit offers.If the price is spot on, then the right buyers will submit offers.If the price is at a slight discount, there will be multiple offers.Also, and most importantly, the best offer usually comes in within the first 2-3 weeks.