Developer · Newport Beach, CA · Member since 2016 · 71 posts · 25 votes
Seems like every time I put an offer on a property that is less than asking price (or even when it is asking price), they come back with "send your best offer".
I get it from their perspective, it's a smart response, but what's the best way to respond to this? If I just give them the best offer then it completely eliminates any negotiating ability, so is there a way to respond that opens up the discussion for negotiating back-and-forth?
We had a realtor come back to us last week with the same line ... so I resubmitted our offer 10K less than the first time.
The realtor called back both a little confused and a little perturbed and asked why we would send a lower offer. My response was that he did not indicate "best for whom" when he asked for our best offer.
Rental Property Investor · Fredericton, New Brunswick · Member since 2013 · 7k+ posts · 4k+ votes
9y
We have made both a cash offer with a quick close and a financed offer (with more terms and a longer close) simultaneously when negotiating with a Vendor - the cash offer is obviously lower than the financed version. Depending on the Vendor's priorities, they sometimes do accept 5% less for no strings and quick cash.