I use to put out 10 cash offers approx 75% of market value and 10% of the time, a Seller would accept. Now, not a single one has been accepted.
Just curious, but have others had good luck with some good stories in 2021?
@Sam Mathew No, not so much... some strategies that might help. 1.) Calling the listing agent (if it's listed) before making the offer, feeling out the agent and the seller. I'll do this each and everytime it's a lowball offer (what a 75% market value offer is now days!), and actually anytime I offer lower than list price right now. 2.) Only doing this on properties that have been on market for longer than 30 days. If it's not been on market that long...they probably aren't ready to reduce that much. They still think it'll go over ask!
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you