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Old 09-28-2009, 01:12 AM  
kane
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Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
Good luck and if I were you I would pick an offer and go with it because if you keep dragging it out it could bite you in the ass. I flipped a house with some friends several years ago and at first we tried to sell it on our own. The market was hot right then and right out the gate we got a few offers. Eventually we ended up with 4 people we thought were really serious. Those people bid back and forth and it came down to 2 that had cash and 2 that needed financing. We accepted a bid from one of the cash buyers (it was about 2% less than the others but he had cash) and the deal fell through before closing. We went to the other cash buyer and he had moved on and bought something else. We then went to the other two buyers. One had moved on and the other made an offer, but couldn't get financed. So after about 30 days of dealing with all this we were back and square one again.

So we ended up going with an agent. We cranked the price up about 12% and ended up getting an offer that was about 6% higher than our original offer from the cash buyer and these people already had financing in place. We had to pay a commission, but it was worth it not to deal with all the buyers.
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