What the HELL is a Gambit!! - Posted by Littleguru

Posted by Lyal on July 10, 2003 at 07:33:33:

See my answer to LittleGuru above.
Lyal

What the HELL is a Gambit!! - Posted by Littleguru

Posted by Littleguru on July 09, 2003 at 19:23:05:

nt

Xmen Superhero that throws explosive cards (nt) - Posted by STORM

Posted by STORM on July 11, 2003 at 09:13:39:

nt

An old T.V. game show…So do I win? LOL - Posted by BrokerScott (Mich)

Posted by BrokerScott (Mich) on July 10, 2003 at 08:00:06:

sorry couldn’t resist

Re: What the HELL is a Gambit!! - Posted by Lyal

Posted by Lyal on July 10, 2003 at 07:32:53:

As I understand it (sure I’ll be corrected if I’m wrong), gambits, in a creative real estate context, are “enticements” to get a buyer to make an offer on a property. The term comes up when using a “NoDiscount” sale strategy (search the archives). The gambit could be improvements to the house, a big screen TV, swimming pool (well, maybe not). Anything that might cause the potential buyer to make the mental transition from “analyzing” to “yeah this is what I want”.
All the best, Lyal

Re: What the HELL is a Gambit!! - Posted by Anon

Posted by Anon on July 10, 2003 at 01:34:01:

Why the heck would you want to know what a gambit is on a CRE board?

here - Posted by Jim FL

Posted by Jim FL on July 09, 2003 at 19:28:13:

little guru?

Strange “Handle”.

Anyway, here is the definition:

gam·bit ( P ) Pronunciation Key (gmbt)
n.
An opening in chess in which a minor piece, or pieces, usually a pawn, is offered in exchange for a favorable position.
A maneuver, stratagem, or ploy, especially one used at an initial stage.
A remark intended to open a conversation.

HTH,
Jim FL

You are right but not 100% right. - Posted by tomB

Posted by tomB on July 10, 2003 at 11:33:39:

Enticements is right and can be anything from
owner financing, assumable loans, improvements to the house, a big screen TV, swimming pool, cattle, financial assistance, no downpayment, terms, lease options, contract for deed, and the list goes on…

It can be as simple as helping the buyer obtain the necessary financing.

You drive buyers to an open house and let them pick and choose the gambits. Then you drive up the price Nodiscount round robbin style.