Dead Deal Or Not?
There is enormous amount of money to be made by losing a deal!
I think this has happened to me personally at least 5 times this year alone. I put an offer in for a REO, get a call back saying that somebody is willing to pay a full price instead of negotiating (huh?) and would I like to offer MORE than the asking price?
Obviously, that is not the way we do business here. So I say no!
Knowing fully well that anybody walking in and offering full asking price has to be a newbie.
And being a newbie also means that 100% they are going to put a Property Inspection clause in the Purchase Agreement with a 7 day contingencey.
It also means during these 7 days they are going to talk themselves out of buying real estate.
It also means that the Property Inspection guy whose job is to literally talk you out of buying this property (real words from a property inspector, not mine).
It also means that all I have to do is call back after 14 days, confirm that the deal fall apart and offer around $5000 less that what I offered before and
get my offer accepted in 4 hours.
You gotta love this real estate thing!