All Forum Posts by: Jonathan Greene

@Terrell Garren It happens every time. I am an agent too and I can read the buyers for my sellers when they bid too high to start, we know what's coming. All of a sudden a structural engineer says it's a $7,500 fix for "support." We bring in our own engineer and he says it's fine. It's partly because, on-market, the high bigger starts to question how much higher they bid than second place and they create a scenario in their head that they are entitled to some money off. Then, as you said, next up always pops in and closes the deal right away.

In many areas taxes will only go up right after a renovation if square footage was added to the property or a bedroom or bathroom added so the city has to change the card on file. The next year it will get reassessed with all of the houses, but the renovation should be added when the city closes the permits and the C of O is obtained. I would never estimate taxes, especially not as an agent. The safe bet is to go down to the property tax assessor and tell them exactly what you are doing and ask their best guess on an increase, if any.

@Jason White the best way to get out ahead of those new buyers who might ask "what was done to make it X from Y" is to provide a full renovation list as part of the listing package that sits in the house for showings and the Open House. I like for all buyers to know ALL of the renovations that were done, floor to ceiling, soup to nuts. It helps them when they do go back and look. A good buyer's agent will explain this is how REI make money and that you spent a lot of money to make it new again.

@Terrell Garren I am the same. Retail agents always think it's a joke until you walk. I have also imposed this structure:

Offer is X for 24 hours. After that it is X-2% for 24 more hours. Etc.

I was a prosecutor for seven years a long time ago so my hard-line offer tactics go way back. The same as clearing up a docket of cases, it saves us time by making one offer and sticking to it. Once you get known for it, the agents on MLS deals know what to tell their clients. Once they also know you close, just as you said you would, and stand by all your conditions, it becomes much easier.

If I am seller and an investor keeps upping his or her offer when I say no, I will always think there is another ceiling or someone who will just make an offer and walk. The ones that keep up-bidding are usually the ones who try to get that up-bid back during inspection too.

@Eli Gilbert it gets easier. It's the hardest when you only have a couple deals or clients and that makes complete sense. But once you pass and they come back, it's way easier next time.

@Isaac S. Bro rule 197.5 - Bros create echo chambers so that inside of them they can eventually make an ask of their new Bros.

Bro rule 212.3 - When responding to a post and when you want to get more Bro daps, @ people in your OP to bring more attention, but never, ever respond to the original OP when he drops back by. That could go badly, bro.

Those Bros are in every field, that is the whole point. It's not a complaint, it's a reality. 

The entire point of the thread has been proven over and over by all the Bros weighing in. No one was called out. No one was crying. No one needed business from the post. It. Is. Satire. and Sarcasm. Based on Facts in the Forum. This is why this is all so meta-Bro. Only Bro could keep going and going. The only reason I keep showing back up is because Bro keeps pressing the same button.

@Zachary Metler good value add.

@Jay Hinrichs I agree that the male-female team is ideal in many door knocking scenarios and home visits.

@Bill Goodland haha, I never, ever have anything to sell nor have I ever tried to on BP. My coaching is not for REI and never has been. I used to be a retail real estate coach. That's what everyone else is doing on here. I forgot, Bros don't research. I am not a pseudo-expert, my track record can be verified and researched. Sweet post though.

@Gardy Saturne I've never had it happen with a U & O agreement, but that agreement is your legal basis for the move and/or calling the sheriff. State-to-state you may have to file for eviction, but with the U & O as part of the sale agreement and a holdover, even in a tenant-friendly state, they should be sunk.