Low ball offers

Fist let’s make sure everyone understands that a seller should have their home listed for sale at a price that is consistent with what the market is indicating how much the home will sell for.  When this is true you are wasting your time presenting the seller a low-ball offer for their home in most cases.  Making low-ball offers on homes that are priced right have virtually no chance of succeeding and will result in you missing out opportunities to purchase a good home at a fair price.

With that being said if you are bound and determined to low-ball every offer you make on a home, which homes offer you the best chance for success? While there are no guarantees that a seller, regardless of their situation, will accept anything less than their asking price you may have a better chance if you offer on homes that:

• Have been listed for sale with no price reductions way past the average days on the market for the area. ·
• Have been listed as fixer uppers and are in need of extensive repair.
• Have been abandoned by their builder and need completion.

Homes priced right, in the best condition and in the best location rarely fall into a buyer’s market scenario where a low-ball offer would be acceptable. Motivated sellers facing a distressed situation or a home over priced to begin with may be inclined to negotiate with you even if you have presented a low-ball offer.

If your goal is to buy a home or investment and not pay too much there is really no need to low-ball an offer. I can provide you with statistics that prove the home’s worth in the current market for you to use to determine a fair offer price.

Give me a call. 407-304-0255