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Updated over 16 years ago on . Most recent reply

User Stats

234
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53
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Kel S
  • Real Estate Investor
  • Toledo, OH
53
Votes |
234
Posts

Interesting phone call from Seller today

Kel S
  • Real Estate Investor
  • Toledo, OH
Posted

You all might remember that house we wanted to purchase from the Seller that is also an REI. He owns several apartment buildings and SFH. So out of the blue he calls me today asking if I want to see the house and I told him that his maintenence fellow already let us walk through the home. He said that they are wanting to either sell the home or re-rent it soon. I told him that we are interested but not sure if we'll be able to come to an agreement on the price he wants (no point in wasting each others time right?). This is the guy that wanted $65-$70k for a 2b/1bath/full basement.

So he responsed by saying "Well, come in and make us an offer".

Hmmm....our last conversation I told him we were only interested in offering in the real low 40's....if that, depending on the extent of the roof repair that is needed on the 3 season back porch room.

My husband is saying that he probably wouldn't want to offer him more than $35k as is for the home but I can't image this guy taking it because in our first conversation he was adament about "Oh no, we couldn't take that low for it, it's worth $75 according to the taxes".

So my question is why is this guy calling me back? Is he getting desperate? He HAS to recall our first conversation where I told him that we were only looking to spend $40k or so for it and he rejected that right off the bat. So why the phone call weeks later? Is he at the point where he is now considering taking closer to $40k?

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