I’ve recently gotten off track with my Probate Monday posts, but the recent lead I’ve been working is a probate lead so I give you Probate Monday On Friday…
After figuring out the repair costs for the Tall Timber house I had one last thing to do and that was actually call Jim (the owner) up and make the offer. I haven’t made to many offers in the past so there are still some nerves, but I was pretty confident in my number so on Wednesday evening around 6pm I picked the phone up and went for it.
Before blurting out what my actual offer was, I mentioned a few of the big repairs that where found by Lance and I on our last visit. I did this to sort of limit the Shock of my lower offer then what my ball park (330 to 360) was originally. Jim is a fairly reasonable person so when I told him the best I could do was 290k, he let me know that he had a higher offer but was still thinking about just listing it with a sales agent.
Jim did keep his options open and asked how long my offer was good for. I told him that it was an outstanding offer and if he changed his mind or things fell through to give me a call back. I also mentioned I could refer him to a real estate agent if he needed one (possible referral fee for me if I do since I’m an agent myself).
All in all it was very simple to make the offer because I was…
- Confident in my offer price
- Getting more comfortable talking with sellers
- Realizing that there is nothing to be afraid of
- To succeed I need to make offers and a lot of them
Over the final two months of this year I am going to take a closer look at repair costs. For each item, such as roofs, siding, driveways, etc… I will be doing research into what to look for when you are at the house and also how to break down the costs for each item. This will go a long way in helping me out and I will be writing a series of posts to try and share my knew knowledge.
The first item I will be looking at is the roof. Look for the post next Friday.
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