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Closing on the initial visit

Posted by Greg - CA on May 16, 2002 at 10:59 PM

This concerns buying from the onwer in the NTS stage.

Do you expect to be able to close the deal on the initial visit?
Or is there usually a need for a follow-up meeting?

A related question has to do with comps. Since it is difficult for me to do an accurate comp on the spot ( I don't have the data with me) it seems dangerous to make an on the spot offer.
If I'm off by $10,000 (only 3% error in San Diego) there goes a big hunk of profit.

Should I first find the owner willing to sell, then come back 2 hours later with my precise offer?

Greg



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