feedback please.

Viewing 6 posts - 1 through 6 (of 6 total)

moneytree
Member
@moneytree
Join Date: 2003
Post Count: 7
January 20, 2003 - 5:44 am
i am interested in a house 3 br country advertised on the net for 79000, i was thinking of offering 10000 less, i clicked on the property details and found the price there to be 67000… i phoned the agent and he said yes it was now 67000 the owner had dropped the price……….
now do i still offfer 10000 less??????? making it 57000… this is my first property so i really dont know what is the done thing. ps. my research tells me 68 to 72000 is the norm in the area for that type of house. regards tree
money does grow on trees
Dan260
Member
@dan260
Join Date: 2002
Post Count: 22
January 20, 2003 - 6:40 am
Hi MoneyTree,
email me at
[email protected]
we can run through a few real life case studies. I am no expert – i only have 4 cash flow positive properties, but if you are willing to take the time to email me you are more than welcome to bounce investment ideas off me.
cheerz
Dan
hilary
Member
@hilary
Join Date: 2002
Post Count: 146
January 20, 2003 - 8:11 am
Of course you offer a much lower amount – what’s the worst that can happen? They say no, and you up the offer a bit. A great question to ask the agent is – why are they selling? If they need a quick sale – the more likely your low offer will be to succeed. Good luck.[]
BDM
Participant
@bdm
Join Date: 2002
Post Count: 93
January 23, 2003 - 3:33 am
Dear Moneytree,
I agree with Hilary – what ever the asking price is, always make a lower offer.
At best the offer will be accepted.
At worst, you will haggle back up to the asking price.
You’ll never know if they’ll accept a lower offer unless you ask !
Thanks,
BDM
Steve McKnight
Keymaster
@stevemcknight
Join Date: 2001
Post Count: 1,763
January 23, 2003 - 3:38 am
Hmmmm…
I think the answers to this post have missed a bigger issue.
The solution to effective negotiation is not low-balling, but to create a win-win outcome.
Find out why the vendor is selling and the structure an offer where everyone wins.
Look to be flexible on price or terms, but only offer an outcome that meets your investing outcome desired.
Bye
Steve McKnight
**********
Remember that success comes from doing things differently.
**********
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.com
Success comes from doing things differently
AD
Participant
@ad
Join Date: 2002
Post Count: 636
January 24, 2003 - 12:04 pm
With you on that one Steve. Who is to say that $67000 is not a steal as it is. One point that Stuart O’neill made at the last Property Masters series was that you should try and talk directly to the vendor. Find out there reasons for sale. It may open up some options for creative financing even ??
Enjoy
AD [:0)]
Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach