How To Make A Low-Ball Offer (and NOT Piss-Off the Seller)

TL;DR

Learn the art of making lowball offers effectively to secure profitable wholesaling deals without upsetting sellers.

Transcript

how to make lowball offers and not get your seller upset when you give them a super lowball offer have you ever done a lowball offer and you are super scared or super fearful when you give that offer the sell is going to say no get out of my house that's way too low no no no and you lose the wholesaling deal well the truth is a lot of you guys that... Read More

Key Insights

• 🤝 Mastering lowball offers requires tact and strategic negotiation skills to secure profitable deals.
• 🤪 Going for a "no" initially sets a foundation for successful negotiations and counteroffers.
• 👮 The "good cop bad cop" method enables wholesalers to deliver lowball offers without causing seller offense.
• 😥 Calculating and offering a "least allowable offer" ensures wholesalers secure deals at optimal price points.
• ❓ Overpaying for properties can be avoided by employing strategic negotiation tactics and the "go for no" approach.

Questions & Answers

Q: How can effectively making lowball offers benefit wholesalers?

By mastering the art of lowball offers, wholesalers can secure profitable deals without overpaying and establish successful negotiations.

Q: Why is it important to go for a "no" instead of a "yes" when making an initial offer?

Initiating with a "no" sets the negotiation stage, allows for counteroffers, and prevents wholesalers from overpaying for the property.

Q: How does the "good cop bad cop" method help in delivering lowball offers?

This method allows wholesalers to present lowball offers tactfully, creating a buffer to negotiate while maintaining a positive relationship with the seller.

Q: What is the significance of offering a "least allowable offer" (LAO) in wholesaling?

Offering an LAO ensures wholesalers secure deals at the best possible price point, preventing overpayment and maximizing profits.

Summary & Key Takeaways

• Lowball offers often lead to successful wholesaling deals, but it's crucial to present them tactfully.

• Rather than aiming for a "yes," going for a "no" initiates negotiation and can result in better offers.

• Employ the "good cop bad cop" method to deliver lowball offers without causing seller offense.