M&T
New Contributor
^eagle^,
Just because it is on the MLS and you are dealing with realtors does not mean you cannot wheel and deal.Like Runum said I would not offer full price in this market. When we bought 7 buildings in one year 3 years ago it was a seller's market. I had to offer full price-which I hate to do.Some I had to offer $1,000 over full price and NO contingences- is that how you spell that?Anyway you wouldn't get the property if you didn't offer at least full. Props were going up and the next day they were gone.I missed a great deal cause an agent inhouse bought it ! I was P*ss$d to say the least.But in this market esp.going owner occupied you can get a killer deal. remember Robert K. looks at 100 props. Puts an offer on maybe 10 of those and gets 1 prop. 1 out of 100 is alot of work but he says it's going to be a killer deal! Lowball offer. Look for the seller that HAS to sell.That's where the deal is. Yes make sure the numbers work but find the guy that is in a hurry to get out!
M&T...
Just because it is on the MLS and you are dealing with realtors does not mean you cannot wheel and deal.Like Runum said I would not offer full price in this market. When we bought 7 buildings in one year 3 years ago it was a seller's market. I had to offer full price-which I hate to do.Some I had to offer $1,000 over full price and NO contingences- is that how you spell that?Anyway you wouldn't get the property if you didn't offer at least full. Props were going up and the next day they were gone.I missed a great deal cause an agent inhouse bought it ! I was P*ss$d to say the least.But in this market esp.going owner occupied you can get a killer deal. remember Robert K. looks at 100 props. Puts an offer on maybe 10 of those and gets 1 prop. 1 out of 100 is alot of work but he says it's going to be a killer deal! Lowball offer. Look for the seller that HAS to sell.That's where the deal is. Yes make sure the numbers work but find the guy that is in a hurry to get out!
M&T...
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