All Forum Posts by: Mindy Jensen

I almost NEVER disagree with Wayne. (And even this isn't a disagreement so much as a clarification.) 

The sellers may have told the listing agent that they didn't even want to SEE offers below $X. I've done that as the seller, when I received 3 ultra low-ball offers in row. (And no, I wasn't priced too high.) 

So while the listing agent is obligated to present all offers, directives from the sellers overrules that, so long as they are legal.

He is totally correct about the buyer's agent not being obligated to work with someone.

The Listing Agent told you their minimum offer threshold. It's a waste of time for the Buyer's Agent to write up anything below that number.

Thanks for this suggestion. I'll tag @David Greene as well as share this with our publishing team.

@Account Closed, What is the context of the question? Holding period simply means the amount of time you are holding something. If you're asking about a specific holding period, you'll have to give more information.

@James Ritter, what did your agent say about offering a commission to the buyer's agent? He should have advice for you.

I know @Charlie MacPherson has been licensed longer than I have, but I didn't think you HAD to offer any specific commission to the buyer's agent. In fact, I thought it was a violation of anti-trust to specify a minimum commission.

Hey Bryce.

Have you reached out to a real estate agent instead of trying to find a cash buyer on your own? I think your first step should be to connect with a local real estate agent who can help you with a valuation.

You can find an agent at www.biggerpockets.com/agents.

Note: Solicitation is NOT allowed in these forums and will be removed.

Hi @Daniel Hart

You must have a Pro account in order for your signature to display. 

 I lived in Chicago for a while, the L train will rattle your teeth when it drives past your apartment. I can't believe they're only a 25% discount.

I lived by a train track one time. I will NEVER do that again. The train is a HUGE deal, even if it's just a commuter track. 

I'm an agent and our market is HOT HOT HOT. However, I am seeing houses sitting for a long time because they are priced too high.

Like others have said, it isn't priced $5k below market, it's still too high or it would be sold.

I've gone under contract 3 times in 2020 because the market didn't support the listing price. We saw the home a couple weeks after it sat on the market, made our offer based on comps and were accepted. 

What do the comps show? And a comp is a house on that same train track street, not one a block over. What do same-street comps show?

Welcome back, @Conrad D.

I'm fascinated with hoarder houses and flips in general. What did the hoarder junk consist of? Was it trash or stuff? Did you go through any boxes or just toss it all? Where did the hoarders go? Were they removed prior to the auction or did you have to deal with an eviction?

What did you do to the house? The after pics look nice, did you do everything new? Did you POCKET $185k or was that the total sales price?

I don't think the death of a tenant is a qualifying event for you to move to the other home so soon after the purchase. Can you shorter-term rent it (like 6 months) and then move in after you've met your occupancy requirements?