Presenting Offers

Have you done your homework on getting comps and comparing the property? Also, post your numbers so other investors that's on this site can seem them. I'm sure someone here can help you out with it.

Thanks Travis,

Actually I'm referring to the actual presentation of the offer not determining the offer price. I have done my homework on evaluation and even on speaking to sellers. I was contemplating how to best present my offer to my seller given that this is another investor selling off inventory and not selling their home. Then I thought that this could be an interesting topic for a forum thread, "Presenting the offer".

In this case I am still expecting a bid from a landscaper for berry bush removal and putting together the last loose ends. I have my offer price ball-parked well enough for an offer price but want to be ready to provide the details if asked for a breakdown of repairs and such. In fact I was just taking a break to check my email for a message from the landscaper when I saw a notice of your reply to my post.

I think I need to just put myself in my seller's shoes to figure out what he, or I, would want to see/hear included in the offer.

I welcome all input on this subject in regards to this case and all offer presentations. The more the merrier as we can all learn from it.

Thanks,
Steve

Find out what information your investors want on deals you present to them. Also find out how they would like it presented to them, E-mail or phonecall. The more you cater to the investor and give them what they the better chance of getting deals done.

Find what the investors want, present it the way they want = deal

Thanks, but I am actually referring to presenting 'offers' to 'sellers' not 'deals' to 'buyers'. That's OK though I think I know what I am going to do in this area and it appears that others on here are not too interested in this topic. I just thought it might be an interesting subject where we could share thoughts and ideas on this. No harm in trying, right?

Steve

I appreciate that. I have not had much phone contact with him and a few emails. I have been putting together the repair estimate and am wanting to be prepared to present everything he may want to see to back up my offer price. It may not be necessary but I want to be ready to show the details of how I arrived at that price so I will be taken seriously and not just dismissed. I have estimated repairs myself before but this one is a very big project so I'm trying to get this right.

BTW, you mentioned making three offers to your seller. Were you offering to buy three properties or were those your first (lower) offer price and two back-ups to negotiate it and still get the price you wanted to pay?

Steve