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Updated about 4 years ago on . Most recent reply

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34
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25
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Ashley Corbett
  • Rental Property Investor
  • Haw River, NC
25
Votes |
34
Posts

Newb: Hearing Crickets After placing offers

Ashley Corbett
  • Rental Property Investor
  • Haw River, NC
Posted

I’ve been submitting multiple offers on properties in my market . After submitting offers I’m not hearing anything back, not even a rejection . My agent says the multiple selling agents aren’t getting back to her . Is there any advice you could give a newbie to get me moving to the closing table on some of these properties? I’ve been offering $2,000-$10,000 over asking ensuring there the numbers still work for the deal . I’ve been offering $1,000-$2,000 in earnest money most of the properties are $45,000-80,000

Most Popular Reply

User Stats

752
Posts
480
Votes
Michael Carbonare
  • Investor
  • Fort Lauderdale, FL
480
Votes |
752
Posts
Michael Carbonare
  • Investor
  • Fort Lauderdale, FL
Replied

It's not you, it's the market.  Sellers are in control.  They're holding out for all cash offers 10 to 20 percent above asking price, no contingencies, no inspections. . .and they'll likely get it.  Our business is based on dealing with motivated sellers.  Don't become a motivated buyer.

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