๐ฅ
14d โข Daily Journal
Threw This Fish Back in The Water And Won Over a New Agent
Decided today a deal I had u/c was just a little too skinny.
Buyers weren't biting, even with just a $5k wholesale fee and zero buyer's agent commission.
During a long convo yesterday, I convinced the agent to work with seller on price. She thought maybe they'd go for $280k (off the $305k I had u/c), and passed along an email analysis I sent her (attached below).
Got word late today that the seller is sticking with his bottom dollar price โ which was too high for my buyers โ and will fix it up and rent it himself if he can't get it.
Much learned in the process, including building a strong buyer bench, having a solid dispo plan, and knowing when to fold if the deal isn't right.
In the end, the most valuable gain however was the following pair of text messages from the LA about an email I sent her summing up our convo:
"๐๐ช๐ฌ๐ฆ, ๐๐ฉ๐ข๐ฏ๐ฌ ๐บ๐ฐ๐ถ ๐ง๐ฐ๐ณ ๐ด๐ถ๐ค๐ฉ ๐ข ๐ธ๐ฆ๐ญ๐ญ ๐ธ๐ณ๐ช๐ต๐ต๐ฆ๐ฏ ๐ฆ๐น๐ฑ๐ญ๐ข๐ฏ๐ข๐ต๐ช๐ฐ๐ฏ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต. ๐'๐ฎ ๐ข๐ค๐ต๐ถ๐ข๐ญ๐ญ๐บ ๐จ๐ฐ๐ช๐ฏ๐จ ๐ต๐ฐ ๐ฑ๐ณ๐ช๐ฏ๐ต ๐ช๐ต ๐ฐ๐ถ๐ต ๐ข๐ฏ๐ฅ ๐ถ๐ด๐ฆ ๐ช๐ต ๐ต๐ฉ๐ฆ ๐ฏ๐ฆ๐น๐ต ๐ต๐ช๐ฎ๐ฆ ๐ ๐จ๐ฆ๐ต ๐ข ๐ด๐ฆ๐ญ๐ญ๐ฆ๐ณ ๐ต๐ฉ๐ข๐ต ๐ฅ๐ฐ๐ฆ๐ด๐ฏ'๐ต ๐จ๐ฆ๐ต ๐ธ๐ฉ๐ข๐ต'๐ด ๐จ๐ฐ๐ช๐ฏ๐จ ๐ฐ๐ฏ ๐ธ๐ช๐ต๐ฉ ๐ต๐ฉ๐ฆ ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต. ๐ ๐ธ๐ช๐ญ๐ญ ๐ฉ๐ข๐ท๐ฆ ๐ข ๐ฅ๐ช๐ด๐ค๐ถ๐ด๐ด๐ช๐ฐ๐ฏ ๐ธ๐ช๐ต๐ฉ ๐ต๐ฉ๐ฆ ๐ด๐ฆ๐ญ๐ญ๐ฆ๐ณ ๐ต๐ฐ๐ฅ๐ข๐บ ๐ข๐ฏ๐ฅ ๐ด๐ฆ๐ฏ๐ฅ ๐ฉ๐ช๐ฎ ๐ต๐ฉ๐ช๐ด ๐ฆ๐ฎ๐ข๐ช๐ญ ๐ข๐ฏ๐ฅ ๐ญ๐ฆ๐ต'๐ด ๐ด๐ฆ๐ฆ ๐ธ๐ฉ๐ข๐ต ๐ฉ๐ข๐ฑ๐ฑ๐ฆ๐ฏ๐ด ๐ฏ๐ฆ๐น๐ต. ๐๐ฉ๐ข๐ฏ๐ฌ ๐บ๐ฐ๐ถ ๐ด๐ฐ ๐ฎ๐ถ๐ค๐ฉ."
And then this, about the seller's response:
"๐๐ฉ๐ฆ ๐ด๐ฆ๐ญ๐ญ๐ฆ๐ณ ๐ช๐ด ๐จ๐ฐ๐ช๐ฏ๐จ ๐ต๐ฐ ๐ฌ๐ฆ๐ฆ๐ฑ ๐ต๐ฉ๐ฆ ๐ฑ๐ณ๐ฐ๐ฑ๐ฆ๐ณ๐ต๐บ, ๐ฎ๐ข๐ฌ๐ฆ ๐ต๐ฉ๐ฆ ๐ฏ๐ฆ๐ค๐ฆ๐ด๐ด๐ข๐ณ๐บ ๐ณ๐ฆ๐ฑ๐ข๐ช๐ณ๐ด ๐ข๐ฏ๐ฅ ๐ณ๐ฆ๐ฏ๐ต ๐ช๐ต. ๐๐ฆ ๐ธ๐ช๐ญ๐ญ ๐จ๐ฐ ๐ง๐ฐ๐ณ ๐ต๐ฉ๐ฆ $305 ๐ข๐ฏ๐ฅ ๐ฏ๐ฐ๐ต๐ฉ๐ช๐ฏ๐จ ๐ญ๐ฆ๐ด๐ด. ๐๐ฆ ๐ฉ๐ข๐ด ๐ฑ๐ณ๐ช๐ค๐ฆ๐ฅ ๐ฐ๐ถ๐ต ๐ข๐ญ๐ญ ๐ต๐ฉ๐ฆ ๐ณ๐ฆ๐ฑ๐ข๐ช๐ณ๐ด ๐ข๐ฏ๐ฅ ๐ณ๐ฆ๐ฑ๐ญ๐ข๐ค๐ฆ๐ฎ๐ฆ๐ฏ๐ต๐ด ๐ต๐ฉ๐ข๐ต ๐ฏ๐ฆ๐ฆ๐ฅ ๐ต๐ฐ ๐ฃ๐ฆ ๐ฅ๐ฐ๐ฏ๐ฆ ๐ข๐ฏ๐ฅ ๐ฉ๐ฆ'๐ด ๐ด๐ต๐ช๐ญ๐ญ ๐ฐ๐ฌ๐ข๐บ ๐ธ๐ช๐ต๐ฉ ๐ฌ๐ฆ๐ฆ๐ฑ๐ช๐ฏ๐จ ๐ช๐ต ๐ง๐ช๐น๐ช๐ฏ๐จ ๐ช๐ต ๐ข๐ฏ๐ฅ ๐ณ๐ฆ๐ฏ๐ต๐ช๐ฏ๐จ ๐ช๐ต. ๐๐ฆ ๐ธ๐ช๐ญ๐ญ ๐จ๐ฐ ๐ง๐ฐ๐ณ ๐ต๐ฉ๐ฆ $305 ๐ฃ๐ถ๐ต ๐ฏ๐ฐ๐ต๐ฉ๐ช๐ฏ๐จ ๐ญ๐ฆ๐ด๐ด. ๐๐ฐ ๐ธ๐ฆ ๐ฅ๐ช๐ฅ ๐ฐ๐ถ๐ณ ๐ฃ๐ฆ๐ด๐ต. ๐๐ฉ๐ข๐ฏ๐ฌ ๐บ๐ฐ๐ถ ๐ง๐ฐ๐ณ ๐ฉ๐ข๐ฏ๐จ๐ช๐ฏ๐จ ๐ช๐ฏ ๐ต๐ฉ๐ฆ๐ณ๐ฆ. ๐๐ง ๐ ๐จ๐ฆ๐ต ๐ข๐ฏ๐บ ๐ฐ๐ต๐ฉ๐ฆ๐ณ ๐ฑ๐ณ๐ฐ๐ฑ๐ฆ๐ณ๐ต๐ช๐ฆ๐ด ๐บ๐ฐ๐ถ ๐ธ๐ช๐ญ๐ญ ๐ฃ๐ฆ ๐ต๐ฉ๐ฆ ๐ง๐ช๐ณ๐ด๐ต ๐ฐ๐ฏ๐ฆ ๐ ๐ค๐ข๐ญ๐ญ."
Now that's what I'd call a win! ๐ฅ๐
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Threw This Fish Back in The Water And Won Over a New Agent
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