Long story short...........
I have successfully flipped my first house that I haven't lived in. All in, I am about 97K invested. I have it listed and an offer on the table for the asking price of $129,900. I stand to make about 15K on the deal. The offer came in less than 24 hours on the market. Multiple showings are set with an open house this Saturday.
How do you know when to hold out for other offers, how to ask for more money on the counter offer, or just decline the offer?
I believe I can get a better offer, but I also worry about additional carrying costs if the next offer doesn't come for a while.
Thanks in advance!
Hey @Brandon Grissom ! Congrats on the deal! Ask your realtor if "highest and best" is common in your area. I know in mine, if there are several offers on a home it's often to ask buyers to return with their "highest and best" offers. If you've got a singular offer and it's at your asking price, congrats! Sometimes it's best to take what you've asked and get ready for the next one. Best of luck!