Office Boy is Back!!!
This kind of case happens EVERYDAY!
Office Boy has seen hundreds of such cases since I start investing.
Owner wants $1.1 mil.
$1.2 mil valuation is FAKE!
Offers at $1.05 is FAKE!
Agent wants buyer to pay 2% comm so that he can pocket use the 20K to make the deal $1.09 mil!
So end of the day, the story is owner wants $1.1 mil. U offer $1.07 mil.
Agent tell owner offer is at $1.09 mil. 10K difference, owner likely to accept.
Once owner signs option, agent will come back to you and say $1.09 mil. The 2% comm he will forfeit, you just add it to the purchase price.
*sigh.... what kind of era liao, still got agent do stupid things like that.
My personal advice : Wait it out ... Offer $1.05 mil and leave that on the table for 3 days. Then pull out altogether.
Cant tell u more here in public.
DKSG
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Originally Posted by House
