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Yes, like when you call an agent to inquire about a property and they tell you that they already had an offer submitted. I ask them if it’s just an offer or has it gone to contract. They say offer only. So I tell them that I would like to submit my offer. They respond that they are not accepting offers as they already have an offer, therefore, the property is not available anymore.
They should be accepting ALL offers until the property goes under contract! If that was my property and someone wanted to submit a higher offer even though an offer had already been accepted, I would be furious if I found out that my agent rejected a potential higher bidder.
Every seller wants the highest price for their property but a lot of real estate agents don’t bother trying to get the highest price once they receive an offer. Sure, the agent needs to be weary not to lose the initial buyer, however, when you have a strategy in place it turns out to be a positive outcome for the buyer, seller and the agent.
I have been wanting to start my own ‘flipping’ for some time now. I money to start, extensive knowledge in certain areas but certainly not in renovations ( I only know a little) and that is my drawback. I would love to know whether I can find a business partner who knows and is able to do reno work and/or share costs and profits equally.
Any ideas where I can find such investors to work with me?
