Skip to content
Real Estate Deal Analysis & Advice

User Stats

66
Posts
50
Votes
Jennifer Griffin
  • Investor
  • Colorado Springs, CO
50
Votes |
66
Posts

Walking away from a deal!

Jennifer Griffin
  • Investor
  • Colorado Springs, CO
Posted Jul 9 2015, 17:05

My husband and I made an offer on this one bedroom condo, and we offered 20% less than asking price with the listing agent. She said she doesn't think the owner will take it but she'll submit a verbal offer. The owner then came back saying that she will only take a certain dollar amount, which ended up being 5% less. We thanked her for her time, but rejected the deal she had offered. After we left about 2 hours later, the listing agent called us and said that the owner had changed her mind and would take the deal. So, I guess the whole reason I'm sharing this story is just to let you know that it's ok to walk away from a deal and stay true to your numbers. Also, the ROI will be around %28-33%.


Sent from my iPad

Loading replies...