Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

60
Posts
34
Votes
Max Gomeniouk
  • Thiensville, WI
34
Votes |
60
Posts

Enhance an offer on estate sale

Max Gomeniouk
  • Thiensville, WI
Posted

Good evening BP!

We are negotiating on an offer for a property that is part of an estate. This is a flip opportunity. After going back and forth with price twice we are about $8,000 apart and I am not as comfortable absorbing this difference by my profit. I wanted to see if anyone had any other suggestions on how to spice up the offer without giving in on the price. Below is what we had offered already.

1. 170,300 offer price (Sellers previous counter was at 178k)

2. Contingency for Financing with 30 day close

3. Seller can leave their unwanted belongings for us to remove

4. No inspection contingency

We considered taking out financing contingency and come up with more cash to close the deal, however, our agent stated that the sellers are in no hurry and are mostly concerned with their bottom line. History of listings supports this. Sellers had been on the market since August, 2017 and only moved on price once.

I appreciate your input!

Max

Most Popular Reply

User Stats

46
Posts
20
Votes
Carey Greiner
  • Real Estate Broker
  • Bend, OR
20
Votes |
46
Posts
Carey Greiner
  • Real Estate Broker
  • Bend, OR
Replied

Ask your Realtor if they’d be willing to discount their commission; yikes did a licensed realtor just say that? Especially true if the agent is representing both sides.

Loading replies...