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ay she; her agent and I went and looked at six apartment houses。 Four were dogs; but two were good。 I said to write offers on all six; offering half of what the owners asked for。 She and the agent nearly had heart attacks。 They thought it would be rude; that I might offend the sellers; but I really don't think the agent wanted to work that hard。 So they did nothing and went on looking for a better deal。
No offers were ever made; and that person is still looking for the 〃right〃 deal at the right price。 Well; you don't know what the right price is until you have a second party who wants to deal。 Most sellers ask too much。 It is rare that a seller will actually ask a price that is less than something is worth。
Moral of the story: Make offers。 People who are not investors have no idea what it feels like to be trying to sell something。 I have had a piece of real estate that I wanted to sell for months。 I would have weled anything。 I would not care how low the price。 They could have offered me ten pigs and I would have been happy。 Not at the offer; but just because someone was interested。 I would have countered; maybe for a pig farm in exchange。 But that's how the game works。 The game of buying and selling is fun。 Keep that in mind。 It's fun and only a game。 Make offers。 Someone might say 〃yes。〃
And I always make offers with escape clauses。 In real estate; I make an offer with the words 〃subject to approval of business partner。〃 I never specify who the bus
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