When buying Real Estate especially listed properties how aggressive do you get in order to get your offer accepted? How much earnest money, due diligence, ect. That you know the seller will say "I accept" with no counters and when its multiple offers situation.
All depends on your market.
In LA we offer highest and best right up front.
In Memphis or Cleveland we offer low, but all cash and try to get the property for as little as possible.
My current market is very hot.
Like @Antoine said, if it is a property the numbers work out and I know I want it, I would make the highest and best offer right upfront, 5 days diligence, plus no inspection, seller pay zero dollars for repairs, property is sold as-if; because I can do a brief light inspection myself at the same time I look at the interior unit, and I have my own handyman who will upgrade the unit anyway.
Plus no home warranty. All seller like my Clean offer unless there is another offer has a higher price than mine
The cleaner the offer the better.
I see investors adding every kill the deal clause in the world as possible on their deals that's the bottom priority. A seller wants to see the clearest path to the finish line. Nothing says accept me like an AS-IS Cash offer with a sizable non nonrefundable earnest money deposit.
The dumb schmucks in ATL throwing as-is offers at $50k above list price are going to get killed. Use your head.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing