Bank Accepted offers on 2 properties – Page 3

This topic has 85 replies, 11 voices, and was last updated 16 years, 5 months ago by waiting hawk.

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June 11, 2008 at 4:58 PM #221570

nostradamus
Participant

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?

June 11, 2008 at 5:12 PM #221580

sdrealtor
Participant

Congratulations! You sound like a winner in this shoot out. As this all plays out over the next few months and years we will find out who the players are and who the pretenders are. The idea that there will be some magical market bottom is myth. Any property can be at the bottom at any time with hard work, patience and a bit of luck. Real Estate is the Wild West and you make your own bottom many times.

For the well informed, well advised, ready and willing buyer there can and will be great opportunities all along the road over the next few years. Most opportunites are not good but they will be great ones out there for the opportunistic individual. Educate yourselves, know what you want, how much you think it is worth and be ready to strike when you find it. It may be tommorrow, it may be next month, it may be 5 years down the road. You never know!

Congrats again!

June 11, 2008 at 5:12 PM #221476

sdrealtor
Participant

Congratulations! You sound like a winner in this shoot out. As this all plays out over the next few months and years we will find out who the players are and who the pretenders are. The idea that there will be some magical market bottom is myth. Any property can be at the bottom at any time with hard work, patience and a bit of luck. Real Estate is the Wild West and you make your own bottom many times.

For the well informed, well advised, ready and willing buyer there can and will be great opportunities all along the road over the next few years. Most opportunites are not good but they will be great ones out there for the opportunistic individual. Educate yourselves, know what you want, how much you think it is worth and be ready to strike when you find it. It may be tommorrow, it may be next month, it may be 5 years down the road. You never know!

Congrats again!

June 11, 2008 at 5:12 PM #221594

sdrealtor
Participant

Congratulations! You sound like a winner in this shoot out. As this all plays out over the next few months and years we will find out who the players are and who the pretenders are. The idea that there will be some magical market bottom is myth. Any property can be at the bottom at any time with hard work, patience and a bit of luck. Real Estate is the Wild West and you make your own bottom many times.

For the well informed, well advised, ready and willing buyer there can and will be great opportunities all along the road over the next few years. Most opportunites are not good but they will be great ones out there for the opportunistic individual. Educate yourselves, know what you want, how much you think it is worth and be ready to strike when you find it. It may be tommorrow, it may be next month, it may be 5 years down the road. You never know!

Congrats again!

June 11, 2008 at 5:12 PM #221642

sdrealtor
Participant

Congratulations! You sound like a winner in this shoot out. As this all plays out over the next few months and years we will find out who the players are and who the pretenders are. The idea that there will be some magical market bottom is myth. Any property can be at the bottom at any time with hard work, patience and a bit of luck. Real Estate is the Wild West and you make your own bottom many times.

For the well informed, well advised, ready and willing buyer there can and will be great opportunities all along the road over the next few years. Most opportunites are not good but they will be great ones out there for the opportunistic individual. Educate yourselves, know what you want, how much you think it is worth and be ready to strike when you find it. It may be tommorrow, it may be next month, it may be 5 years down the road. You never know!

Congrats again!

June 11, 2008 at 5:12 PM #221622

sdrealtor
Participant

Congratulations! You sound like a winner in this shoot out. As this all plays out over the next few months and years we will find out who the players are and who the pretenders are. The idea that there will be some magical market bottom is myth. Any property can be at the bottom at any time with hard work, patience and a bit of luck. Real Estate is the Wild West and you make your own bottom many times.

For the well informed, well advised, ready and willing buyer there can and will be great opportunities all along the road over the next few years. Most opportunites are not good but they will be great ones out there for the opportunistic individual. Educate yourselves, know what you want, how much you think it is worth and be ready to strike when you find it. It may be tommorrow, it may be next month, it may be 5 years down the road. You never know!

Congrats again!

June 11, 2008 at 5:16 PM #221575

waiting hawk
Participant

“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.

June 11, 2008 at 5:16 PM #221471

waiting hawk
Participant

“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.

June 11, 2008 at 5:16 PM #221639

waiting hawk
Participant

“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.

June 11, 2008 at 5:16 PM #221589

waiting hawk
Participant

“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.

June 11, 2008 at 5:16 PM #221619

waiting hawk
Participant

“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.

June 11, 2008 at 5:37 PM #221627

waiting hawk
Participant

damn sdrealtor.. that was a great post.
On an offer I put in a while back I submitted an offer at 350k it was foreclosed on at 620k. It was listed at 450k. The bank said there was multiple offers and to submit my best offer. I said ummm I just did lol. They didnt take it but months later its still listed. What I was doing was trying to drag that price down to my bottom a year earlier. Thats why I said I am still a year off on primary.

BTW heres a view from the deck (all over Redlands, Highland, SB)

When i first called the listing agent she asked which house. When I told her she said, “oh the one with the million dollar view?” I said no, the one with the 20-30k view 😉

June 11, 2008 at 5:37 PM #221481

waiting hawk
Participant

damn sdrealtor.. that was a great post.
On an offer I put in a while back I submitted an offer at 350k it was foreclosed on at 620k. It was listed at 450k. The bank said there was multiple offers and to submit my best offer. I said ummm I just did lol. They didnt take it but months later its still listed. What I was doing was trying to drag that price down to my bottom a year earlier. Thats why I said I am still a year off on primary.

BTW heres a view from the deck (all over Redlands, Highland, SB)

When i first called the listing agent she asked which house. When I told her she said, “oh the one with the million dollar view?” I said no, the one with the 20-30k view 😉

June 11, 2008 at 5:37 PM #221648

waiting hawk
Participant

damn sdrealtor.. that was a great post.
On an offer I put in a while back I submitted an offer at 350k it was foreclosed on at 620k. It was listed at 450k. The bank said there was multiple offers and to submit my best offer. I said ummm I just did lol. They didnt take it but months later its still listed. What I was doing was trying to drag that price down to my bottom a year earlier. Thats why I said I am still a year off on primary.

BTW heres a view from the deck (all over Redlands, Highland, SB)

When i first called the listing agent she asked which house. When I told her she said, “oh the one with the million dollar view?” I said no, the one with the 20-30k view 😉

June 11, 2008 at 5:37 PM #221599

waiting hawk
Participant

damn sdrealtor.. that was a great post.
On an offer I put in a while back I submitted an offer at 350k it was foreclosed on at 620k. It was listed at 450k. The bank said there was multiple offers and to submit my best offer. I said ummm I just did lol. They didnt take it but months later its still listed. What I was doing was trying to drag that price down to my bottom a year earlier. Thats why I said I am still a year off on primary.

BTW heres a view from the deck (all over Redlands, Highland, SB)

When i first called the listing agent she asked which house. When I told her she said, “oh the one with the million dollar view?” I said no, the one with the 20-30k view 😉
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