Q: Hi Gerald, I’m a rehabber negotiating a purchase of a bank-owned property. The listing broker keeps telling me I have to raise my purchase offer price because the market is hot. I want to build a good relationship with him, should I offer more? Eddie, Florham Park, NJ A: Great question, Eddie. I understand the pressure you’re under today with rising home prices and low housing inventory. The listing agent’s goal is to get the house sold, so it makes sense that he wants you to make a higher offer. That makes his job easier with the bank. But in order to be successful as an investor, you have to think independently and you can’t afford to let other […]
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