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Message
Suggestions for making a winning offer on hunting land
Posted on 4/2/18 at 5:09 pm
Posted on 4/2/18 at 5:09 pm
Through word of mouth I found some hunting land through a private seller that I am going to offer about 10% below asking price. I did my homework and know what they paid and this family is making a good profit for the short time they owned it.
Even though the price they offer is reasonable, how would you go about making an offer that will get consideration? This may be better suited for the OB, but the objective is making the right offer to get the property at the right price.
What tactics would you use? All cash, short close? others?
Even though the price they offer is reasonable, how would you go about making an offer that will get consideration? This may be better suited for the OB, but the objective is making the right offer to get the property at the right price.
What tactics would you use? All cash, short close? others?
6
Posted on 4/2/18 at 5:13 pm to MadDoggyStyle
All cash usually leads to short close. You might want to stop overthinking it and make the offer before someone else does.
Posted on 4/2/18 at 5:19 pm to MadDoggyStyle
I would bring cash
Posted on 4/2/18 at 6:54 pm to MadDoggyStyle
quote:
Even though the price they offer is reasonable, how would you go about making an offer that will get consideration?
not offer 10% below their reasonable asking price. 
Posted on 4/2/18 at 7:06 pm to MadDoggyStyle
Offering 10% less than asking cash in hand is fair imo because it reduces some red tape. They'll prolly counter offer up a bit but since you thought the original price was reasonable, then you should be ok with that.
Posted on 4/2/18 at 8:02 pm to MadDoggyStyle
I've never bought just land, is there any structure or rights involved?
Cash is great to guarantee the funds are there, but I'm assuming before you take an offer on land you'd ask for a guarantee of funds/ financing?
Cash helps close a little faster but not really by a whole lot if you need to get an appraisal, inspection, etc.
Cash is great to guarantee the funds are there, but I'm assuming before you take an offer on land you'd ask for a guarantee of funds/ financing?
Cash helps close a little faster but not really by a whole lot if you need to get an appraisal, inspection, etc.
Posted on 4/2/18 at 8:16 pm to MadDoggyStyle
What they originally paid shouldn’t factor in at all. Unless they are idiots, I guess.
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