Graham Stephan
@grahamstephan·5.2M subscribers·1.6K videos
SELLER ACCEPTED MY OFFER - BUYING MY 6TH PROPERTY!
Posted
October 10, 2018
Views
31,214
Likes
1,512
Comments
533
Engagement
6.55%
October 10, 2018
31,214
1,512
533
6.55%
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16:55Now PlayingFULL DAY LIVE REAL ESTATE INVESTING EVENT AT MY NEW PROPERTY OCTOBER 27TH
For those of you that know, I’ve been looking to buy more real estate here in Los Angeles. I recently found something and after a few weeks, I got my offer accepted. Here’s how! Add me on Snapchat/Instagram: GPStephan
Join the private Real Estate Facebook Group:
Get $50 OFF FOR A LIMITED TIMECode THANKYOU50 The Real Estate Agent AcademyLearn how to start and grow your career as a Real Estate Agent to a SixFigure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales
Here’s the video summed up for anyone who doesn’t want to watch the whole thing…but at least hit that LIKE button ;)
I saw a property I really liked, and made an offer. They ended up getting several offers, and asked for a best and final. I made that offer at what the property was fundamentally worth, based on all the sold comparable and similar homes on the market. Unfortunately, other people were willing to over pay WAY more than what it was worth, and my offer was denied. However, later they came back to me when their higher offers fell through. I have a feeling the previous buyers regretted paying what they did, and felt it was best to back out.
Now that I’m back in the picture, I made another offer at exactly what I felt the home was worth, given the square footage, size, condition, and other sold properties. However, again - that offer was rejected, even though I felt it was a very good offer for what I was offering.
After over a week of going back and forth, I stayed firm and eventually my offer was accepted - here’s what I did, why I bought this specific property, and how I can add value over time!
Lesson here: If you know what a property is worth, don’t over pay. Stick to your price. It’s a logical decision to move forward or not, and if you feel something is worth what you’re paying, don’t pay more.
For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness@gmail.com
Suggested reading:
The Millionaire Real Estate Agent
Your money or your life
The Millionaire Real Estate Investor
How to Win Friends and Influence People
Think and grow rich
Awaken the giant within
The Book on Rental Property Investing
Favorite Credit Cards:
Chase Sapphire Reserve
American Express Platinum
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