Updated over 11 years ago on . Most recent reply
Verbal or Written Offers
What are your opinions about making verbal or written offers on MLS properties. Do you believe that we should do a minimum number of written offers each week even if there is no indication from having a phone conversation with the agent that the written offer will be accepted and, also taking into account that I would have to go and visit these five properties in order to have credibility with the agent who is selling the property so that he/she will present my written offer in a serious manner.
Up to this point I am only doing verbal offers on the phone find out whether they are negotiable for the price that I'm willing to pay and if they are not then I am not going to visit the house as I consider it to be a waste of time. It is a Catch-22 though because in the past I would at least do five written offers which meant that I would have to visit five properties even if I wasn't sure that they were negotiable.
So I'm just wanting to have the opinions of the members of this forum about this subject.
I do understand that there are many who do not believe that the MLS is a good place to do wholesaling so I would prefer not to have that debate on this thread because although I do agree that the MLS may not be the ideal place for wholesaling I do know from experience that they exist in large numbers on the MLS, it is just a question of uncovering them.