How We Overbid Ourselves in the Negotiations! #wholesaling #paynelessflipping #paynelesswholesaling

Name: How We Overbid Ourselves in the Negotiations! #wholesaling #paynelessflipping #paynelesswholesaling
Uploaded: 2024-04-15T23:00:32+00:00
Duration: 57 s
Channel: Nathan Payne
Description: In this segment Nathan Payne recounts a live negotiation with a seller who listed a property for $180,000. Nathan, feeling nervous and inexperienced in…

15 Apr 2024 · 1 min

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In this segment Nathan Payne recounts a live negotiation with a seller who listed a property for $180,000. Nathan, feeling nervous and inexperienced in bargaining, asks the seller to confirm the desired price. His business partner Corey, who has more real‑estate experience, unexpectedly suggests offering $186,000—$6,000 above the asking price. Both Nathan and the seller are shocked, but the seller ultimately accepts the higher offer, providing a sigh of relief for the team. The story highlights the tension of on‑the‑spot decision‑making, the influence of a more seasoned partner, and the surprising outcome of overbidding in a wholesaling deal.

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So I look at her and I say, what price did you want again? And she's like, we were hoping for $180,000. And I'm sweating bullets. I'm like, oh my gosh, like, I don't know what to say. Do we just give her $180,000? I was tripping. And Corey, at the time, my business partner, he had been in real estate longer than I had. And I didn't really— like, I wasn't the negotiating expert. I didn't know to come in at $180,000, to go in lower. I was nervous. Okay, guys, just give me a break. I was nervous. So I look at Corey, right next to me, got a little bit more experience. And I'm like, Corey, what do you think? If we're just sitting right across from the seller and he's nervous, he doesn't know what to say. And guess what? I still to this day cannot believe what Corey said. I look at him and he says, we can do $186,000. And I'm like, I look at him and I look at them and they're shocked. Like, they didn't say anything. They were just like, what? And I'm like, what? And they're like, sure, $186,000. And a sigh of relief. Even though he offered $6,000 more than what they had asked for,