Ep57: Offer Accepted too Quickly: Now What Happens? - Marco Kozlowski
Big Fat Real Estate Checks
Marco Kozlowski
5 • 957 Ratings
🗓️ 1 February 2021
⏱️ 20 minutes
🧾️ Download transcript
Summary
Buying real estate properties can be complicated, especially if you don't have enough knowledge on how to negotiate with the seller. Always make sure that you're organized for your offer to the seller as you also need to stay in control during the negotiation process. There's still a lot of things that need to be considered to secure the success of your investment, but educating yourself and taking actions the right way always helps you towards your goal. In this episode, Marco and his co-hosts discuss the importance of making the right decisions before accepting an offer, and some of the consequences if you make these decisions quickly.
WHAT YOU’LL LEARN FROM THIS EPISODE
- Consequences of Accepting Seller's Offer too Quickly
- Why is it important to have the negotiation planned correctly between the buyer and seller?
- The difference between Making an Offer Without a Contract versus the Traditional Way.
- The Correct Process of Making and Accepting an Offer.
- Roles of Due Diligence and Right Paperworks in an Offer.
- Ways to protect yourself from saying NO to an offer.
- What will happen if a low offer was accepted and what are the remedies?
RESOURCES FROM THIS EPISODE
Click here for the free quick start course "Get Deals By Tuesday" Masterclass.
CONNECT WITH US
- Email: [email protected]
- Website: https://marcokozlowski.com
- Facebook: https://www.facebook.com/realmarcokozlowski/
- Instagram: https://www.instagram.com/marco.kozlowski/
Transcript
Click on a timestamp to play from that location
| 0:00.0 | And if you are making an offer and they do say yes, just make sure you're using your paperwork or our paperwork specifically. |
| 0:05.3 | If you're using state contracts or real estate agent issued contracts, they're designed to protect the agent and the broker and the seller, not the buyer in most cases. |
| 0:14.7 | Welcome to the big fat real estate checks podcast with Marco Kuzlowski, |
| 0:21.6 | where we help investors like you get the knowledge and skills you need to replace your J-O-B with passive cash flow for life. |
| 0:30.0 | Hey everyone, welcome to hopefully another super exciting podcast. Today we're going to |
| 0:36.0 | tackle what happens when you make offers that are too high or get accepted too quickly |
| 0:41.4 | which is a problem that I see in beginners and even intermediates and sometimes even advanced folks make an offer and they get accepted very |
| 0:53.4 | devastating for a lot of reasons which will explain many people want to make offers that get accepted and if you really want to buy real estate at the right price you always have to get them |
| 1:02.2 | Rejected and there's a myriad of reasons |
| 1:04.3 | for that which we're going to discuss today very important topic and of course I'm |
| 1:07.7 | joined with my two brothers from another mother Frank Galuchio out of Toronto and Gabrielle Adayish out of Montreal. |
| 1:15.0 | And we will discuss today what we see happen as we help our followers tackle these issues and why psychologically it's terrible for you to have an offer |
| 1:25.3 | that's accepted right away and how we can remedy those things but first let's get |
| 1:29.2 | into the crux of the problem which of course is making offers that get accepted and accepted very quickly. |
| 1:36.0 | So Frank, I don't know if you want to get started, but I'm nominating you. |
| 1:40.9 | Absolutely, thank you for having me. Yeah, you know what? Absolutely, thank you for having me. |
| 1:44.0 | Yeah, you know what? |
| 1:45.0 | This is a common problem or a common thread with just human nature in general. |
| 1:49.4 | It's been given to us by our parents, so let's blame our parents on our upbringings it's we're used to |
| 1:54.8 | yes when we're buying anything and again it doesn't have to be even real estate it could be anything |
| 1:58.3 | when you're buying something you're looking to get a yes because you want that item and the problem with that is the person saying yes |
| 2:05.3 | so when you when you agree it out their price so if I'm selling something for whatever a hundred |
... |
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