Are you thinking about making an offer on an investment property? If so, you know that this is a big step in your financial life. After all, it is the price you pay that will determine whether or not you get off on the right foot.
Offering on an investment property is not always easy. You need to consider many details starting with the asking price.
Above all else, keep in mind that paying the asking price is not something you have to do. This is only a starting point for negotiations. It is your goal to buy the property for as much off list as possible. Of course, the seller is trying to make as much money on his end as well. This is where the negotiation process comes into play.
Why are you offering less than the asking price? If you can come up with a good reason you will be ahead of the game. For instance, maybe the home is in bad shape. Or maybe it has been sitting on the market for over a year. No matter what, give yourself a leg to stand on so you can explain your position if need be.
Making an offer on an investment property is always easier if you get your real estate agent involved. He/she can take care of all the paperwork, while also giving you advice on what to offer, etc.
There is no right or wrong way to make an offer on an investment property. As long as you do what is best for you, everything else will fall into place.