Investor · Grand Rapids, MI · Member since 2020 · 125 posts · 50 votes
We've tried multiple different ways to say "What is the lowest you will take for the house?" and the seller keeps telling us to make him an offer. Without trying to offend the seller or go way over what he was originally thinking, what are your next steps?
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
5y
I always counter “what’s the lowest you’d take for your item/property” with “what’s the most you’d pay for my item/property.” That way when they do answer and it’s less than I would take I can say no thank you and walk away.
They always look confused and I have to explain to them. They just said $x was the most they would pay and I won’t sell for that. Funny enough. Half of them don’t get it and raise their offer and I have to ask is that the most you would pay? Luckily it’s still never enough since they started so low and we get to repeat.
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
5y
I always counter “what’s the lowest you’d take for your item/property” with “what’s the most you’d pay for my item/property.” That way when they do answer and it’s less than I would take I can say no thank you and walk away.
They always look confused and I have to explain to them. They just said $x was the most they would pay and I won’t sell for that. Funny enough. Half of them don’t get it and raise their offer and I have to ask is that the most you would pay? Luckily it’s still never enough since they started so low and we get to repeat.
Investor · Grand Rapids, MI · Member since 2020 · 125 posts · 50 votes
5y
@Michael Plante
Sounds like you’d like the buyer to come up with a number first then ? How do you go about this? So for example, this house was completely gutted and we needed bids to see how much it would cost to rehab. Does the buyer arrange for contractors to come to see your property without there being an agreed time frame like hey I’m going to have these people come out I would appreciate if you gave me x amount of days before talking to another buyer ?
Sounds like you’d like the buyer to come up with a number first then ? How do you go about this? So for example, this house was completely gutted and we needed bids to see how much it would cost to rehab. Does the buyer arrange for contractors to come to see your property without there being an agreed time frame like hey I’m going to have these people come out I would appreciate if you gave me x amount of days before talking to another buyer ?