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Updated over 6 years ago on . Most recent reply

Account Closed
  • Investor
  • Vancouver, WA
63
Votes |
315
Posts

Home Selling Frustration

Account Closed
  • Investor
  • Vancouver, WA
Posted

Need to vent... 

I am selling a rental and had the deal fall through due to an amateur/poser investor.  My agent was upfront with the need of a flexible closing date in January and had many interested parties but going with the first one was a mistake.  The house is in a very desirable location in downtown Vancouver, WA near PDX and the listing had a TON of interest.  He came in a little low but in good faith I met him in the middle because the house needs a bit of work but nothing scary.  The needed work is obvious and his inspection only showed obvious things.  He dragged his feet and ended up asking for WAY more off the accepted counter even though he saw the needed repairs on day one.  The deal is dead and lost a lot of time.  Updated the listing indicating it's being sold as is and it's priced accordingly.  Is there anything else I can do to deter the poser investors?  Thanks for reading.

Most Popular Reply

User Stats

99
Posts
69
Votes
Robert J.
  • Rental Property Investor
  • Eugene/ Springfield, OR
69
Votes |
99
Posts
Robert J.
  • Rental Property Investor
  • Eugene/ Springfield, OR
Replied

@Joe Mercer

Few of the common things to deter “posers” ; higher deposit. Less contingencies (inspection , financial), require proof of funds or prequal be submitted with offer. Um...

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