Robb’s rule of thumb never offer a even number offer something like 37,856.25 that way human psych kicks in and they come back at 38k and you say great where as if you offer 38k they come back harder like 45k it seems to work also by doing it this way people think that you really did your homework as far as what the property is really worth! Hope this helps!
I don’t know if this deal’s gonna happen or not. They said they have someone else intersted in the prop.
They’ve accepted my offer of $46,382 (Thanks Tedjr and REO) ;D , but haven’t gotten it under contract yet because of “other interest”
I balked before because I think I under-estimated the ARV at $100K, but after discovering DITECH just yesterday (which seems to be VERY accurate), the average ARV would be 132.5K (106-159 comps)
So hopefully I can lock it down.
As soon as I saw this, I called them back and said it’s best to get it under contract (didn’t come off as anxious) , and they said the they will contact the RE attorney to set up a time. We’ll see what happens.