Making an offer

Viewing 10 posts - 1 through 10 (of 10 total)

Stevie24
Member
@stevie24
Join Date: 2004
Post Count: 10
April 18, 2004 - 8:49 am
Hi guys how are we all.
I have found a couple of properties that i would like to invest in, however the price is neg. How do i go about making an offer. Can i summit it in an e-mail or over the phone or must i present it in writing…[blink]
Derek
Member
@derek
Join Date: 2004
Post Count: 3,544
April 18, 2004 - 9:14 am
Hi Stevie,
Show the agent and vendor you are serious (if you are) and present the offer in writing.
Derek
[email protected]
Read my comments? Think I can help you? PM or email me.
DaveMorro
Member
@davemorro
Join Date: 2004
Post Count: 15
April 18, 2004 - 9:16 am
This is a good topic
I also found a couple of properties i am interested in today.
I havent dealt with RE agents before as we built or PPOR
Im actually going to call a buyers advocate that i know from a business network group i am in to enquire about his services.
Good luck
dave
aluminati
Participant
@aluminati
Join Date: 2004
Post Count: 40
April 18, 2004 - 9:47 am
If your not confident about dealing with agents or making offers then an buyers rep is great. Make sure they are not from the sane area as the agent. Have been stung with that one before.
aluminati
Stevie24
Member
@stevie24
Join Date: 2004
Post Count: 10
April 18, 2004 - 9:48 am
(if you are) nice one thanks derek. Im not here to be mocked, im here to learn.
Derek
Member
@derek
Join Date: 2004
Post Count: 3,544
April 18, 2004 - 9:52 am
Hi Mencevski,
There was no mocking involved – it is one thing to say ‘I’ll offer $X for the property” and yet another to write the same message on a contract with deposit attached.
All of a sudden you move into a different dimension as far as the REA and vendor are concerned.
Derek
[email protected]
Read my comments? Think I can help you? PM or email me.
Stevie24
Member
@stevie24
Join Date: 2004
Post Count: 10
April 18, 2004 - 9:55 am
ahh, think outside the square. Thank you very much you have given me a different look on it..
Stevie24
Member
@stevie24
Join Date: 2004
Post Count: 10
April 18, 2004 - 9:57 am
sorry for the name change….!!
spongefingers
Member
@spongefingers
Join Date: 2004
Post Count: 7
April 18, 2004 - 10:52 am
always present the offer in writing, the agent is then bound by law to present your offer to the vendor. pretty simple really.
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
April 20, 2004 - 12:50 pm
It’s an idea to attach a cheque with the written offer.
Then the vendor has to take you VERY seriously
ALWAYS make written offers time-limited…this offer is valid for 3 days from date of issue…never make this longer than a week as it kills the urgency.
Your aim is to make the vendor realise you are serious & force a rapid response.
Your negotiations on price will go further in your favour if YOU control the agenda!
Cheers,
Aceyducey