The Most Expensive Dollar

[Lesley Resnick]

I regularly work with investors who insist on chasing the last dollar.  In other words, they get a solid offer and want to hold out for a better offer.  Your most profitable deal is the next one.  Deal flow is more important than any individual deal.  In a overheated market holding out, may work out.  In most markets that is not the case.  There is a cost to holding a property and longer than absolutely necessary.  There is always the possibility of the pirates braking into the property and vandalizing or stealing the appliances.

I would suggest that the first real offer is the best offer.  Obviously there will be people who want to offer you less than you have invested in the property and then ask, "why don't you want to sell your house?"