Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Hello, we've just received 3 offers for our house (well one is a verbal and the other two came in on the same day. (Yesterday). My question is, they are all the same lowball offer, exactly the same, no dollar difference here or there. And these are from 3 different agents with investor buyers. Does this happen often?
It just seems very weird that the amount is the same from all three. Does this happen alot?
It is weird, but there very well could be a solid comp in your neighborhood that is driving the offer. EXAMPLE: you have your home listed at 275K, but the last sale was 250K. It would not be strange to see other offers come in at 250K.
Wow, what area are you in? Around here they are having bidding wars. Our neighbor just sold their home she had it listed for $349,900 and had 2 full price offers, 2 for $350,000, a few higher than that, several in the $360,000 range, one for $380,000 and another for $385,000.
One of our managers put her home on the market as she had bought another. She told me after they had listed it that she had 5 offers the same day, all for more than she had it listed. By the end of a week she had a bidding war going on and enjoyed watching it play out.
Location: Danbury CT covering all of Fairfield County
2,636 posts, read 7,434,951 times
Reputation: 1378
What are the sold prices like in your area? If the sales are around $125,000 those are pretty good offers. If all all 3 are similiar, go back to all 3 with highest and best.
If they're all investors, they could have all watched the same infomercial that told them to always offer X% of the asking price and sweeten it by a couple thousand. Investors don't set the market, unless you're inundated with them. Owner Occupants set the market. If you believe they're lowballs and not actual value for your home, you can just reject them all and wait it out, or even ask for best and final and see if they want to play ball.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
