Getting your offer accepted!

1 Reply

I am a Realtor and investor and wanted to share how an investor got his offer accepted on one of my listings this week. The listing was a fixer upper and attracted 7 offers quickly. All of the offers were "as is". All but one gave the buyer the right to inspect within a short period and back out if they were not satisfied with their findings. One investor crafted his offer in such a way that he did not have that right. His offer was "as is where is" with absolutely no inspection contingency. His offer, even though $7,000 below the highest offer, was accepted because of this. Risky? Perhaps. Effective? You bet. 

Originally posted by @Chad Seay :

I am a Realtor and investor and wanted to share how an investor got his offer accepted on one of my listings this week. The listing was a fixer upper and attracted 7 offers quickly. All of the offers were "as is". All but one gave the buyer the right to inspect within a short period and back out if they were not satisfied with their findings. One investor crafted his offer in such a way that he did not have that right. His offer was "as is where is" with absolutely no inspection contingency. His offer, even though $7,000 below the highest offer, was accepted because of this. Risky? Perhaps. Effective? You bet. 

 Good point. Indeed, that is how I buy my properties. The reason why? I'm not going to live in them and I know my costs to fix it up. Mold, rot, electrical, bad floor plan all can be fixed fairly quickly.

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