Ball Plex
 |
 200183 Burris Fullfield II Scope 45 14x42mm Ball plex $259.99 Time Remaining: 2d 15h 29m Buy It Now for only: $259.99 |
 200183 Burris Fullfield II Scope 45 14x42mm Ball plex $249.99 Time Remaining: 2d 13h 8m |
 Burris Fullfield II Scope 2 7x35mm Ball Plex Matte $139.00 Time Remaining: 13d 7h 54m Buy It Now for only: $139.00 |
 Burris Fullfield E1 Riflescope 3 9X 40mm Ball Plex Reticle 200320 $197.99 Time Remaining: 16d 10h 8m Buy It Now for only: $197.99 |
 Burris Fullfield II Scope 45 14x Ball Plex PA Matte $299.00 Time Remaining: 13d 5h 59m Buy It Now for only: $299.00 |
 Burris Fullfield II Scope 3 9x40mm Ball Plex Matte $179.00 Time Remaining: 13d 6h 9m Buy It Now for only: $179.00 |
 Burris Timberline Scope 45 14x32mm Ball Plex Matte $279.00 Time Remaining: 13d 8h 48m Buy It Now for only: $279.00 |
 Burris Handgun Scope 2 7x32mm Ball Plex Posi Lock $379.00 Time Remaining: 13d 6h 13m Buy It Now for only: $379.00 |
 Burris Fullfield II Scope 3 9x50mm Ball Plex Matte $249.00 Time Remaining: 13d 6h 53m Buy It Now for only: $249.00 |
Ball Plex
Getting Offers Accepted! by Scott MacDonald
If you are like most Real Estate Investors you will go through periods where it seems like no matter what you do you keep getting out bid. Even worse you hear the words "highest and best" and you know that an owner occupant is going to bid way higher than you would ever thought too. Well, I have some good and bad news for you. First the bad because we always want to end with some good news, right! The bad news is no matter how many systems we put into place and reseach we do, sometimes it is just not your time to get that house you were targeting. It really stinks considering I have even recently been upset over not getting some deals accepted because owner occupants were in the bidding process with me. But there's hope, I have been very successful the last 6 months getting offers accepted. So I want to share some advice on getting offers accepted and moving on to your next projects. Assuming you are currently buying foreclosures/REO's let me let a little secret out of the bag. Right now I am getting 1 out of every 4 offers accepted which I consider a very acceptable percentage especially when I hear about the failures of my competitors. Here is the tip, so simple but not alot of people are willing to do this. Your offer should look like this. Obviously "all cash" and tell them you want to close in 21 days. That seems to be the magic number right now but there is more to it. Put on the contract or letter of intent "no contigencies" thats right, no I need 5 days inspection for my contractor to look at it, I need to check out the termite damage, I need to see if my private/hard money lender will fund it, you get the picture. Let's be real for a second, this is real life advice not what I call "seminar land". If you are offering all cash your offer should be low any way so there should be room for any mistakes you may have missed during the walk through. If you are not good at analyzing rehab costs, take someone with you that is, period. I always have a built in 10% oops factor built into all my deals anyway, most of the repairs are visible to begin with so you should not need a full inspection to purchase the property. Now here is another trick, go directly to the listing broker that has the property. I can't tell you how many times I have seen investors bring "there realtor" into a deal and lose it because the bank has to pay more commission out to a third party or a transaction fee to the realtors broker. Listen, I know you don't want to hurt anyone's feelings but do not and I repeat do not bring anyone into the transaction except the broker that has the listing. I know alot of people will fight me on this but let's face it, do you want to buy more properties or not, that is the question? Lastly, don't give up on properties that you lost the bid on. Recently we purchased a property that I was sure had already closed but sure enough 3 weeks later here it comes back out on the mls. These are true gems, treasure these because the bank is so motivated at this point you can even offer a little lower than you originally did if you feel confident. For whatever reason people do not follow through with the purchase of certain properties and you should be ready at a moments notice to get your bid back in asap. I bought many properties this way and most of the time I am the only bidder. Now, for the times you are dealing with homeowners and you want to get that low ball offer accepted here is some advice. Homework, homework, homework. First of all build rapport with them, during the course of your information gathering try and find something in common. For example, I was in negotiations for a 4 plex in my town and as the owner was showing me the property we got onto the subject of his kids, he proceeded to tell me about his youngest sons all star baseball team and how good they did the night before. I became instantly enthrawled in his story and for about 15 minutes that is all we talked about. Well that story lightened the mood and I was able to get all the information about the property I needed including the financials of the property. This helped me tremendously when I was preparing my offer. It is a proven fact that people want to sell to people like them, so for 15-20 minutes I became the biggest little league fan I could. I was building rapport at his pace and I got all the info I needed to prepare my offer. Asking questions is the best technique for beginning your negotiation and ultimately getting your offers accepted. You will stand out and they will want to sell to you because you have set the foundation of trust. I hope you can take this information and apply it on your next deal, when it works drop me a line on my website http://www.jaxhomebuy.com and tell me about your success.
About the Author
Scott MacDonald is President and CEO of Premier Choice Investments, LLC located in Jacksonville, FL. Premier Choice Investments purchases 5-10 homes per month in Northeast Florida and surrounding areas. Since starting the company in 2008 Scott has been investing in Real Estate full time and has experienced tremendous growth. Scott has quickly become an expert and guide for other real estate investors all over the Sunshine State
Paint Ball Plex Edge Party