Most sellers reject lowball cash offers because the price is too low. Instead of cheap bids, offer flexible structures: full rehab if the numbers work, a novation agreement to transfer the contract, or creative financing like seller-financed payments.
Chapters
I'm going to tell you right now, 95— I would even say 98% of people will deny a cash offer. They're going to say no, no to your cash offer. 98% because it's too low. Okay, that's the hard truth, guys. Like, if you're just relying on lowball cash offers, you're in trouble because people— that doesn't always fit everyone's needs. You're looking for that low-hanging fruit that's just willing to take a low cash offer. So you need to be able to provide options and structure deals for people by saying, hey, you know what, I'm willing to take this one down because the numbers make sense. I'm willing to rehab it myself and go do a full rehab because the numbers make sense. Or I've been transparent with the seller and I'm saying, hey, you know what, I don't want to buy this thing myself. I don't want to give you a lowball cash offer. But there's an option where we can do a novation and you can explain that process. We're not going to go into the sales process of explaining it, but you can do that. Or creative, creative financing is buying it on payments, right? On terms.