Making an offer on a Property tonight

[Hayden Haddad]

While continue hunting for my first rental property deal, my agent showed me an Apt yesterday and the price seems to be less than usual. It's a two bd apartment that usually sold around 30% more than what the seller is asking for. I offered full price as I know the properties in this area get sold out quickly. My agent reached out to the seller with my offer but the seller told my agent they are accepting multiple offers and they will let us know tomorrow. The cash flow will be good. I thought of increasing my offer as I feel someone else will pay extra to take it.  Tonight is my last chance to change my offer. Is this a wise decision?  knowing the apartment needs some work ( walls paint, new carpet, counters paint, and extra) but nothing major.

[Alexander Felice]

how many offers are you putting in regularly? 

Are you tracking for how much they sold for on average versus what you offered?

Is this a discounted foreclosure or a retail house? 

Don't fall in love with any single deal. You put your offer in, wait for renegotiation, don't raise your own price now just out of fear you might not get it. Someone very well may outbid you, that doesn't mean you they are buying it at a good price.