I'm curious - what would you tell a potential buyer?
A realtor listed a property online. The building is a feature in my town and I've driven past it my whole life. So being curious (as a buy and hold investor), I emailed her to ask what kind of rents one could charge in that building.
Long story short, she emails me back to say the owner is behind in his mortgage and is desperate to sell and any offer would be considered. I just felt that saying this was putting herself (and her client) in a very weak negotiating position. The apartment if beautifully renovated yet the asking price is market related and reasonable compared to comps (that are less nice and less well renovated).
If she just marketed it as normal, she would probably get her asking price or close to asking price without much trouble. But she's going around emailing people who express interest that her buyer is desperate.
I'm going to pass on the property anyway, for other reasons, but just curious as to what realtors out there would think of her strategy.