Reply to Houses on market for long time- no offers

Forum Index » Real Estate

Reply to "Houses on market for long time- no offers"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why not buy one of the other similar homes on the market? There seems to be something about this one that is worth a premium.[/quote]

+1[/quote]

This.   That said, it doesn't hurt to do a low offer and test the waters (or have your agent call the listing agent and feel them out.)  But know that some sellers (ex: retirees) are fine waiting a while til they get the price they're looking for (even if it's years.)[/quote]

Some sellers are arrogant and hard to deal with when it comes to negotiations. There are stories of finding damages when the home was vacated. Its just a head ache sometimes to think about all this. Better to stay heads down for now until list price comes down so that you know sellers expectation and offer that price.[/quote]

That only works if there's no one else interested in the house.  If there is, this "waiting on the sidelines" or "staying heads down" too long means risking the house will be sold to someone actually giving them an offer and negotiating.  [/quote]

This seems out of touch with reality.  In my area, there is less than a month’s worth of inventory on market and houses still going under contract in days.
Good point. That's the risk that one should be willing to take if they desire a better price point. 
There are plenty of other homes that you can look at. For time being, its better to stay heads down as the Realtors and the Loan officers sounds desperate making calls to get the deal closed. Indication that market is moving south[/quote]

Market is definitely headed south otherwise they would have got an offer.   I would make a low offer as they have nothing so far and nothing for you to lose.   The days of asking price and multiple bids are over.
With rates going up next month they will never sell at asking especially when it has been on the market for so long.   People see that and know it is a soft market only to get worse. [/quote][/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