Go see a listing that's not under contracts at my offer price?

Question

Hi everyone.

To those who have multiple offers sent out. Are you going to the property even if its NOT under contract and EMD NOT in escrow? It needs everything so just negotiate terms and EMD instead of your buy number. What are you pro investors doing to lock up your deals? My offers are for west PHX and under $400K homes build 2005 and older.

Evan Polaski · Answer

@Saul Vega, like Caleb, I am not totally clear on what you are asking. But assuming Caleb is correct, I would say it all depends on the scale you are working at and what you are putting in your contract.

I lock up deals by offering fair prices for houses. And I only offer on houses that I have toured and have a good handle on scope of work and ARVs.

I am trying to understand what you are even asking, and all the comes to mind is you are asking if we think you should be blasting out lowball offers with great terms (other than a low price) and high EMD? And so you are taking the spray and pray technique: send out hundreds of offers sight unscene, and only tour once they accept.

Is this what you are asking about?

Patrick O'Sullivan · Answer

Yeah, I’m with Caleb on this one. Even if it’s not under contract yet, it’s worth checking out the property or having someone get you photos or video. Saves a lot of hassle later if the condition isn’t what you expected.

Caleb Brown · Answer

Are you asking if you should walk a property before putting it under contract? I would. There is plenty of wholesalers that don't but I disagree with that. How are you supposed to know the condition what your offer is based on what the seller says? Sure you can negotiate but I think it would save everyone's time by walking or having someone take pictures/video for you then agreeing on the deal.

Go see a listing that's not under contracts at my offer price?

Go see a listing that's not under contracts at my offer price?

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