About Denver's Montebello

I just delievered my bad news to the client an hour ago. The property that we worked so hard on and were very nervous about making the offer the night before was sent in. Another offer came in that morning all cash no contingencies, we lost. I decided to tell him in person simply I didn't want to duck giving bad news in person.

An hour later I got a call back from the agent that said the bank accepted our offer on another deal. It was our first accepted offer out of 30 in the past month. Thank You! I cant wait to call him.

The conversation is great to an outsider

Me: Great News you bought a house!

Investor: Really? Which one?

Me: 13XXX 4X Ave in Denver, Colorado.

Investor: Which one was that?

Me: The one that had the washer and try in the downstairs bedroom or living area.

Investor: Yep I remember that one now, it was the one you didn't like that much. It need a ton of trim work.

Me: That's right we did offer on it. The numbers work and we got to buy one.

Investor: What did I offer on that?

Me: 67K

Investor: What was it listed at?

Me: What does it matter. You did the analysis and the numbers worked at that level.

(On a side note we have made 30 offers over the last thirty days. The investor was traveling for his day job and on day 4 of the convention circuit. This is hell if you haven't done it yourself.)

Investor: Yeah I remember. They originally wanted in the upper 70's and we offered low 60s. They countered in mid 70's. We called them back and told them we aren't even interested at that price. If you drop the price in the future let us know because we do like the property and do have the ability to close quickly.

I can continue this as it continues through the closing process. What is so funny if you look at it from one party eavsdropping from the investors side

Which one?

Which one was that?

What did I offer on that?

Stay tuned and wish us luck.