How to Negotiate a Home Offer for Cash Buyers? #paynelessflipping #virtualwholesaling

Name: How to Negotiate a Home Offer for Cash Buyers? #paynelessflipping #virtualwholesaling
Uploaded: 2024-11-22T15:01:09+00:00
Duration: 49 s
Channel: Nathan Payne
Description: In this segment, Nathan Payne explains how cash buyers should present a lower purchase offer by clearly articulating concrete reasons tied to property…

22 Nov 2024 · 1 min

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In this segment, Nathan Payne explains how cash buyers should present a lower purchase offer by clearly articulating concrete reasons tied to property condition and buyer circumstances. He emphasizes the importance of not lowballing without justification, outlining a script that references specific issues such as a dead tree and an outdated kitchen in a separate dwelling unit (ADU). He also highlights the buyer’s cash position and the inability to secure a mortgage in Canada, using these points to strengthen the offer’s credibility and appeal to the seller’s understanding.

Chapters

So the next day we call her and we say, hey, you know, this is how we made the offer. We said, hey, after looking at the property, it needs this and this and this. Like, I just don't lowball people, right? Like, you got to give a reason why you're coming in lower. You can't just say, hey, I want to come in here and stay tight-lipped. I mean, you can, but I don't think it's going to work that well for you. So I just said, we said, hey, you know, we ran our numbers. We're coming from the States in this certain situation and we have cash. 'Cause we have cash. We need to buy a house cash since we don't qualify for a mortgage here 'cause I don't make Canadian money right now. So we have to buy some with cash. So I said, hey, after this and this and this and this, there's a dead tree, the kitchen downstairs, 'cause there's a kitchen downstairs in the separate unit, dwelling unit or whatever you want to call it, ADU, mother-in-law basement. We're just like, the kitchen needs to be updated. We gave her a couple of things.