Reply to How to entice seller to take semi-low offer?

Forum Index » Real Estate

Reply to "How to entice seller to take semi-low offer?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

Op here, I offered 4% off the asking price.[/quote]

Just curious, if your final offer is 4% off the asking price (e.g. $28K below a $700K list price), then what in the world was your original offer?  -4% is already pretty lowball for a final bid.[/quote]

If the property doesn't have another bid, then the property is overpriced.  A "lowball" offer than is accepted is the right price for that property.  If it wasn't, someone would be paying more, amiright?[/quote]

This is true in seller's markets.  However, there are some neighborhoods where people are just not looking and you are waiting for buyers to consider the neighborhood.  The OP said that this was not the DC area and outside of bigger housing markets, homes can sit for a while when buyers are not considering the neighborhood.  Comps are the best indicator of the value of the home rather than trying to second guess the market.[/quote]

No - it's true in all markets.  Buyer(s), sellers, house, location, comps, time of year, interest rates, economy - they are all in constant motion.  The price of a house is likely different in the spring than the fall, different on a busy street vs quiet, and so on.  On that day, when a seller accepts a 'lowball' offer, that's the value of the house.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics