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Old October 7th, 2013, 02:40 PM   #25
fsumotorhead
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Quote:
Originally Posted by kickstand View Post
My grandmother who's owned over 30 homes and flipped each one says offer 80% of asking and negotiate from there. Everytime.
Quote:
Originally Posted by cj65 View Post
Kickstand is correct! I own a few rentals and I am currently buying another. I always come in with about 75% of what the asking price is. That being said one of the houses I own was a bank owned home when I put in a bid. I paid cash for that house so I don't know how loans are on bank owned homes. But we closed in three weeks !
Good advice.

I have also noticed that if the price seems too good to be true, it's because they listed it artifically low to intentionally start a bidding war.
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