http://www.biggerpockets.com/renewsblog/2005/09/27/finding-properties-under-fair-market-price/ Learn, Network, Invest Mon, 23 Nov 2009 01:38:39 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.biggerpockets.com/renewsblog/2005/09/27/finding-properties-under-fair-market-price/comment-page-1/#comment-133 Preston Thu, 29 Sep 2005 16:44:11 +0000 http://biggerpockets.com/renewsblog/index.php/2005/09/27/finding-properties-under-fair-market-price/#comment-133 i agree, i currently am in escrow on a fourplex. The list price was $1,075,000, which is high by $100,000. I made a low ball offer of 875,000, they responded back at 975,000, i then countered back at 925,000 and much to my surpirse, they accepted. I then had a bunch of inspections done and found some minor problems, i told the seller i would walk if these were not addressed, i was able to bluff them out of an extra 25,000. My total price is 900,000 which is 75,000 under what is worth. what i am trying to say is Undervalued prorpeties will sell in a day, but overpriced prorpeties will sit on the market and make thew seller much more mtoivated. Lowball offers dont hurt, its worht a shot, just be sure you have the money if they accept your lowball offer:) i agree, i currently am in escrow on a fourplex. The list price was $1,075,000, which is high by $100,000. I made a low ball offer of 875,000, they responded back at 975,000, i then countered back at 925,000 and much to my surpirse, they accepted. I then had a bunch of inspections done and found some minor problems, i told the seller i would walk if these were not addressed, i was able to bluff them out of an extra 25,000. My total price is 900,000 which is 75,000 under what is worth. what i am trying to say is Undervalued prorpeties will sell in a day, but overpriced prorpeties will sit on the market and make thew seller much more mtoivated. Lowball offers dont hurt, its worht a shot, just be sure you have the money if they accept your lowball offer:)

]]>