Negotiating for Property #5 Funny Story
Negotiating on rental property #5 is getting hilarious. So this property has 4 co-owners based in the UK, and they owe a nice chunk in back taxes. They listed the property for 26K, so I low ball at 18K. They finally get around to responding to my offer. They counter by saying, “We want 22k because we just put 5k of repairs into it. We will even send over a list of all we did.” My first thought, “Gee, thanks for doing all that for me, I really appreciate how you put 5K into your property and want me to care during this negotiation. Secondly, I need it for 18K because I just had a daughter. Let me send over her bills to prove that!” My agent and I got a good laugh out of it. Then we sent in the counter counter offer at $500 less. Take it or leave it… All is fair in love and real estate negotiation! Besides, we are looking at 2 more property pick ups. If we only get 2 of the 3, oh well!