1st Offer Made!!!! · Wholesaling Real Estate

1st Offer Made!!!!

I just had my second phone call with a seller and gave my first offer ever!!! It was a probate lead from a letter I sent. He called me and we talked, got the rapport going and info on the house. Called him back 2 days later (today) with some laughs at the beginning and then clarifying details, then I got right into the offer. 290-295k ARV and $135k LAO made! He was not shocked - he said it was not too far off from what he thought. He did say he wanted a little more, but we could negotiate on both sides from there. I couldn't get him to say the number he wanted, and he wants other offers. But, I stood firm in saying a lot of people will give offers too high that they can't perform on, I will cover closing fees and any other fees, that 135k is what he would walk away with. I made myself stand out from just the generic offers. He seems like a reasonable guy and I will keep following up. Being in probate, he's not in a hugeeee rush but definitely motivated. Anyways, done with my rant. This is so exciting!!!!!! Even if I don't get this deal, I feel so validated in my comps, LAO calculation, and giving the LAO offer! My MAO is 185k so I have some wiggle room! THANK YOU RICK AND ZACH!!!!

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