Real Estate Investing Basics

Finding Properties Under Fair Market Price

Expertise: Real Estate Marketing, Personal Development, Real Estate News & Commentary, Mortgages & Creative Financing, Real Estate Investing Basics, Landlording & Rental Properties, Flipping Houses, Personal Finance, Business Management
301 Articles Written
One of our forum members, Snowstar, asked a question on how to find properties under fair market price. Charles, another member, had a good response, which I wanted to share with everyone: You won’t be fast enough to find and buy real estate “under the fair market price”. If such a property is advertised, the [...] View the full article: Finding Properties Under Fair Market Price on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Want more articles like this?

Create an account today to get BiggerPocket's best blog articles delivered to your inbox

Sign up for free

Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. Today, BiggerPockets is the premier real estate investing website online with over one million members and reaching over 70 million people with the message of financial freedom through real estate investing. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Read more about Joshua’s story in 5280 and Inc.com.

    Preston
    Replied about 14 years ago
    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:)