home prices

[Myhomeorlandofl]

Originally Posted by bmw335xi

I’d never be afraid to “insult” an owner, low ball offers I just tell my realtor say no, if you want to increase your bid, feel free to submit it again. If it’s low, but not too low, I will do a counter offer. At the end of the day, it’s money... 99% of owners won’t get offended and then turn away a good offer. The idea of insulting an owner is something I personally believe some realtors use to scare buyers into offering more upfront so they don’t risk losing the house and have to start from scratch again.

It’s good for the realtor to inform their buyers what the value of the house is, what the market trend is, and how hot the market is in that area and price range... but to say don’t offer this because you might offens the sellers rub me off the wrong way.

It’s better to say, this home is valued at $300k, this price range and area is very popular, so we should make a strong offer. We can try to get a discount by offering $290k and try to get them to meet us halfway at $295k just know we might not get a chance to give a counter offer. We could also go with $295k to be more safe, but once again, the value is $300k, so we still might not get a chance to increase the offer if they get a full offer and if you know this house is the one, we should go with the full value of $300k. There are other things you can do to make a lower offer more competitive as well, but that’s a whole other topic.

Ask any seller how they feel about low offers, it is a real feeling, not something realtors make up to create urgency. It shows motivation. For example, at a garage sale, two people are interested in an item. Once offers half, the other offers 75%, you're saying the one submitted at half carries the same weight as the one submitted at 75%? Negotiation is an art. When used properly a win-win is created for both parties. And the terms "we should" are not permitted in Florida real estate, we can guide but never tell what price the seller should list at or buyer should offer.

[bmw335xi]

Originally Posted by Myhomeorlandofl

Ask any seller how they feel about low offers, it is a real feeling, not something realtors make up to create urgency. It shows motivation. For example, at a garage sale, two people are interested in an item. Once offers half, the other offers 75%, you're saying the one submitted at half carries the same weight as the one submitted at 75%? Negotiation is an art. When used properly a win-win is created for both parties. And the terms "we should" are not permitted in Florida real estate, we can guide but never tell what price the seller should list at or buyer should offer.

I’ve sold before and have had my share of low ball offers. I don’t get offended. If that person came back after my rejecting their offer with a full price cash offer, I wouldn’t be like “NO! You offended me earlier! I would rather sell it to Bob for $10k less!” That’s what I mean by don’t worry about offending the seller. The worst thing they will do is say no without a counter. At that point you can try again, but if it’s a hot house, you might not get a chance. A lot of listing agents also give away crucial information if the buyers agent asks some questions as well. Negotiation is an art, but unless the buyer believes this is their dream house that is a once in a lifetime thing... a buyer shouldn’t be afraid to give a low ball offer... however, the specific house, market, price make each situation unique. My main point is, don’t worry a out offending a seller. You can worry about not getting the house or not even getting another chance to increase your offer, but to say you will offend them implies, you can’t get it even if you change ur offer to the highest bid.

[chopchop0]

Originally Posted by bmw335xi

I’ve sold before and have had my share of low ball offers. I don’t get offended. If that person came back after my rejecting their offer with a full price cash offer, I wouldn’t be like “NO! You offended me earlier! I would rather sell it to Bob for $10k less!” That’s what I mean by don’t worry about offending the seller. The worst thing they will do is say no without a counter. At that point you can try again, but if it’s a hot house, you might not get a chance. A lot of listing agents also give away crucial information if the buyers agent asks some questions as well. Negotiation is an art, but unless the buyer believes this is their dream house that is a once in a lifetime thing... a buyer shouldn’t be afraid to give a low ball offer... however, the specific house, market, price make each situation unique. My main point is, don’t worry a out offending a seller. You can worry about not getting the house or not even getting another chance to increase your offer, but to say you will offend them implies, you can’t get it even if you change ur offer to the highest bid.

Agreed. Unless you're in a multiple offer situation on a hot property, the idea of insulting the seller is bs