Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

27
Posts
10
Votes
Lucas Hunt
  • Real Estate Agent
  • Dallas, TX
10
Votes |
27
Posts

Any Negotiation Levers Than I Can Pull Outside Of Price?

Lucas Hunt
  • Real Estate Agent
  • Dallas, TX
Posted

Good Morning! Could use some advice here. I'm a first time real estate investor negotiating on a turn-key property north of Dallas, TX through my agent and the sellers agent. The home is conservatively worth $270k. It went under contract 3 weeks ago (from a different buyer) in this price range and then the financing fell through. Unfortunately for the seller, they already have a new home under contract in Wisconsin and will be moving there in mid-November. Their home is empty and the movers are already booked. They re-listed the home in TX for $250k since they are now under a time crunch. I put in an offer at $220k and it got rejected b/c accepting this price would cause the seller to be upside down. They countered at $245k. Quite frankly it would be tough for me to bite this bullet b/c buying at $245k puts me at only $50 / mo. of cashflow.

Big business will be migrating to this city in the next 3-5 years that will be creating thousands of jobs. This home is priced aggressively in a fantastic neighborhood. 

Has anyone faced a similar situation in the past? Any advice on how I can get creative and help the sellers without going up on price? 

  • Lucas Hunt
  • Loading replies...