Anonymous
Post 12/02/2013 14:23     Subject: Making a low ball offer
Anonymous wrote:Do it. We offered $700k on a house for $980k. They balked. A month later I came back and offered $750k. They accepted. House was worth $875 or so.


What is this based on? A house in only worth what somebody pays for it. So, in your case, $750K.
Anonymous
Post 12/02/2013 13:58     Subject: Making a low ball offer
Yes, of course. This this the best time to buy a house.
Anonymous
Post 12/02/2013 12:08     Subject: Making a low ball offer
Odds are if the sellers have not lowered their price that either they are testing the market, not properly motivated or getting bad advice from their Realtor. Have your agent reach out to the listing agent to get a feel of their position.
Anonymous
Post 12/02/2013 11:58     Subject: Making a low ball offer
The market has slowed in DC. I am not sure if it is due to the holidays but i have noticed a few nice renovations that are sitting with no offers. I went to an open house recently and the developer stated that they might have to rent out a few because they can't get "their price."
Anonymous
Post 12/02/2013 11:33     Subject: Making a low ball offer
Offer and see what they say.
Anonymous
Post 12/02/2013 09:21     Subject: Making a low ball offer
Anonymous wrote:Do it. We offered $700k on a house for $980k. They balked. A month later I came back and offered $750k. They accepted. House was worth $875 or so.


When was this?

I doubt that a home worth $875k sold for $750k. I scooped up a home that was originally sold new in 2005 at $620k for $400k. I had no illusions that the home was somehow worth more than what I paid for it.
Anonymous
Post 12/02/2013 08:01     Subject: Making a low ball offer
I wouldn't have your agent talk to them, just send the offer. you are in the drivers seat.
Anonymous
Post 12/02/2013 07:57     Subject: Making a low ball offer
Do it. But make sure your other conditions are good. Settlement date seller wants, strong earnest money deposit, fast turn around for inspections, strong lender letter. You want to make yourself very appealing to seller
Anonymous
Post 12/02/2013 07:10     Subject: Making a low ball offer
Definitely do it.
Anonymous
Post 12/02/2013 07:05     Subject: Making a low ball offer
Do it. We offered $700k on a house for $980k. They balked. A month later I came back and offered $750k. They accepted. House was worth $875 or so.
Anonymous
Post 12/02/2013 06:50     Subject: Making a low ball offer
It is Cyber Monday. good luck!
Anonymous
Post 12/02/2013 06:43     Subject: Making a low ball offer
2009 called and wants their lowball offer back
Anonymous
Post 12/02/2013 02:56     Subject: Making a low ball offer
What kind of lowball are we talking about?
Anonymous
Post 12/02/2013 02:38     Subject: Making a low ball offer
Yes. Your agent should speak to sellers agent to get a feel for their position. If she senses desperation, impatience, a need for settlement funds in order to purchase, etc., go for it.
Anonymous
Post 12/02/2013 01:52     Subject: Making a low ball offer
Would you do it this time of the year. House we are interested in has been on the market for over 2 months with no reduction in price.