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So I was lookinng at houses down in one of the most desirable cities in Indiana to live in. So I found one house that was for sale for $179,000 so I offered $87,000 well the response that came from the realtor was they thought I must have forgotton to put a 1 infront of my 8. Well why in these times today would I bid higher than a listing price anyway? I replied that I was serious about my offer and I was only interested in a good deal. I know he was anxious to get my offer because when I emailed him that I was interested in making an offer, he was quick to ask for it, obviously this property wasn't getting any hits. I just laughed. Apparently I have figured out the art of making an offer because I got that kind of response.
So I have put in my second offer on a property. Now I remember reading in Dean's book how these strategies can apply to any home of any price. So I found a house that is lited at 1.4 mil, and I submitted an offer. Two days later, the agent emailed me to say the banker had looked at my offer, and he wouldn't counter off that offer but if I submitted another offer that was higher he would counter that. So I asked the realtor if the banker happened to say how much higher. She responded that he said to submit my best offer and we'll go from there.She also mentioned the fact that that house had been valued at 2.4 million when the builder had had the property, and I replied with: I know but the house has been up for sale since 2008. I want to make sure I am not just wasting my time. So I submitted another offer of $700,000 still well below 50% of their listing price which by the way is a bank owned property. Now they haven't answered yet, and my friend says to expect a counter of $900,000. So when they reply I will be ready. The most awesome thing is noone has ever lived in this house! And there are more just like it! A potential gold mine and a way to build a rep with a bank How is that for possible wholesale?