“That’s great! Seems like you got some good prices. I’m considering making lowball offers on some rentals in my area, they are asking 25% more than what I will pay but have been sitting on the market for 4 months. Any tips/tricks to get them to accept my offer?”
The banks are still out of touch some and are SLOW to respond or counter. On one of the properties I went with the list agent (offer was basic/no contingencies so I didnt need a specialist). The listing agent deals directly with the bank and any other offers go through them before they hit the bank anyways. I would say best chance is to find property with no action, cheap price, and listing agent is on top of his/her game. I have seen some really crazy realtors in all the offers I have put in. Some are just slow to respond or slow to submit the offer. My main realtor is a great women (she puts up with my weirdness and my rants about how we are not bottom yet). Sells foreclosures and has an offer to my email in 5 mins once I said go. BTW that Hesperia property was a, “hey I got this property what do you think before I list it”. Great contacts are a very very good idea so you can get in fast before the other looky loos start calling and holding up your offer. Start now dealing and talking with the big players on the foreclosures. Realtors love having an A paper buyer in a hip pocket. Win win.
