All Forum Posts by: Michael Payne

@Brenden Mitchum Thank you. I hear the 3rd party is not a cash buyer. I am not going to raise my offer, hopefully having cash and fewer contingencies, awards me the winning contract. They already fell out of contract with a potential buyer who needed to get a loan

@Dan Maciejewski. Thank you. I agree.. It's to my understanding that the seller is very old and does not use email and definitely doesn't docusign

Hello BP family. I could use some insight. I made an offer on a SFR. The agent replied to my offer with a counter by email saying that the owner was elderly and out of town, but when she was back he could have her sign a proper counter offer and send it my way. i accepted the counter and agreed to wait a couple weeks for the seller to get home to receive the signed counter. Two weeks go by and now i'm now being told that there is now a 3rd party in the mix who is offering more money. At this point, my original offer has expired. Should i rewrite it to the email counter price and expect it to be honored? Should i raised my offer because of the 3rd party offer? Has anyone had a similar experience?

@Brett Murdock yes. A little bit. Are you?

I agree with Brandon. I love the market in Mississippi. 

@Marc S. Any success with this over the past years?

Houses rarely sell for the opening bid  and if they do  there's a reason other people are avoiding it . You also want to do your due diligence when buying a property from auction. You will be responsible for any leans that may have been put on the property. California is a tenant friendly state, so you may also spend a nice chunk of change having to evict the tenant.