If you’re looking to estimate the market value of a property, you can use comparable sales (comps) and your experience with property renovations to determine how much it could sell for. However, what happens when the seller won’t provide a number? Before making an offer, there are several factors to consider.
In this episode, Brent Daniels will reveal his tried-and-true method for calculating an offer price. He takes into account at least three different price ranges to ensure that his offer is competitive and profitable. By sharing some examples, you’ll be ready to make an offer that sellers will accept and generate a solid return on investment. If you’re interested in learning more, the TTP Training Program is the best way to get started.
———-
Show notes:
- (0:50) Beginning of today’s episode
- (2:46) Four Steps to Follow to Successfully Sell Your Deal
- (4:18) The Minimum Profit for Properties Under $200,000 is $20,000
- (5:45) How Do You Determine the Offer Price for Your Sellers?
- (7:06) The Greater the Risk in Your Deal, the Greater the Reward
- (9:06) Determine an Offer Price That Satisfies the Property Owner and Achieves Your Desired Profit Margin
———-
Resources:
- Zillow
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
Go to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space.
Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other “success minded” Rhinos in the community.
It’s 100% free to join. The opportunities in this community are endless, what are you waiting for?
