What Would YOU Offer?

Comments(8)

• 
  jeff1200224th September, 2004

  Difficult to answer without knowing the seller's needs.
  Jeff

• 
  wdspider24th September, 2004

  :-o Why would you offer anything? He's packing and headed for the door. Just tell him to sign the deed and tell him you will do the best you can to sell his home. If he want something let him tell you what he wants first.

• 
  sire24th September, 2004

  I would start that offer with the old "let me save your credit". I agree with "wd", if they are headed to the door get the deed on the way out.
  Tell us how it turns out
  Best to you
  Sire

• 
  AllCash4Homes24th September, 2004

  Thanks for the input.
  
  Divorcing, moving out of state, wants out within a week. WANTS to do sub2. Needs as much cash as he can get.
  
  BTW, I offered $17k once he moved out, but he quickly said no and that he had been offered over $60k.
  
  I will be following up with him.
  
  Any other suggestions/ideas?
  
  Thanks,
  
  AllCash

• 
  myfrogger24th September, 2004

  I would advise the seller to take the $60k as that is way more than I would offer

• 
  jeff1200224th September, 2004

  60k is more than I would pay also. to several of the above, I'd say that just because you can do something, doesn't mean that you should. If you conduct your business with only your needs in mind, you can achieve some level of success, but occasionally a deal can come back to bite you. If this seller decided later that you took advantage of him by grabbing his deed without offering anything in return, and decided to try to get even, you'd be in a difficult position to prove otherwise. A small amount of cash in addition to saving their credit could go a long way to showing that you tried to help them too.
  If the guy NEEDS a few thousand, it wouldn't make this a bad deal for you, if you helped him with that need. I didn't suggest finding out how much he wanted.
  
  There is a big difference,
  Jeff

• 
  AllCash4Homes24th September, 2004

  Good points and thanks for the feedback.
  
  Thought that I was lowballing him too much. Glad to hear that others agree.
  
  I was thinking of calling up to see if that deal for $60k was going to work out for him. I can only imagine that (a) the market here is so competitive that an investor is willing to cut that kind of deal, (b) person offering $60k was going to live there, (c) there really was no such $60k offer, or (d) I really don't have a good handle on the numbers.
  
  BTW, it is a "pretty house", but still would probably have required at least $5k for paint and other miscellaneous stuff (doors, light fixtures, etc.). Hardwood and tile was in good condition and no carpet to replace. Seller underestimates those.
  
  I was thinking about offering $40k, with $10k when he moved out and $30k when I resell or refinance, but if the $60k deal is real, even that won't fly.
  
  Next!
  
  AllCash

• 
  AllCash4Homes25th September, 2004

  Any other suggestion?
  
  Happy Investing!
  
  AllCash