Updated about 6 years ago on . Most recent reply
Paralysis by Analysis
Hello, I am analyzing a deal (actually made offer, they rejected, so re analyzing) on a DUPLEX.
Well maintained (all mechanicals are no older than 6 years; new roof 3wks ago, new elect boxes,etc) 1 tenant just moved out, cleaned up and ready to lease. Other tenant has been there 3 years, could stay or go.
At current list and income, will CF 250-275/mo.
My biggest objection right now is that it has a high end appraisal of 140, list is 131, thinking of offering 125 (already rejected lower offers), and not sure area will support higher appraisal, even if I make improvements (minor needed, nothing urgent). So I will have 30+ in offer and seems like it will have to sit for awhile.
Thoughts on leaving large portion in offer upfront?
Thanks, have a wonderful day
Most Popular Reply
You're in a very weak position raising an offer without a counteroffer, after it's been rejected. After that point, you basically negotiating against yourself.