Updated about 13 years ago on . Most recent reply
Concessions with offers
Just wondering if anyone asks for concessions on their offers. I came across one investor who said she always asks for closing help on her offers to decrease the initial out of pockets expenses. She also said she does it with some wholesalers she deals with, which I don't quite understand.
She basically said if she is giving them a $5000 fee she will price it $7500 higher and then asks for the $2500 in closing costs. I wonder if anyone else does this, my thoughts is it would make your offers less competitive. Also can you use the concessions towards hard money points?