Reasonably priced = reasonable buyers? (mortgage, accepting, rent, claim)

[CouponJack]

Originally Posted by verobeach

I wonder if you're aware that neighbors share information and your negotiations are not and will not be kept secret. A burnt seller will tell everyone about how you snaked your way into the neighborhood. Will you and your family lose any sleep over this?

Vero, maybe stuff like that would bother you but if I can pay the least amount for a house I can, more power to me. And who cares anyway what the neighbors think of what I paid for my house unless their jealous or nosy I guess, right?

[talk2u]

Originally Posted by nativeDallasite

Basically I'm some sellers' worst nightmare, and I don't care. I won't lose any sleep over it. There shouldn't be any emotion involved in this and I'm not out to rescue someone from the consequences of their poor financial decisions or any other circumstances. Desperate to sell? Let's talk. Won't budge on price? Find another sucker.

Just something to keep in mind...

Yes, this is a buyers market and I don't blame you for trying to get the best possible price you can in a falling market. However, keep in mind that when a seller accepts your low-ball offer, you've just set the tone for the entire neighborhood. Now everyone in your new neighborhood who wants to sell will have to price their home according to the price you just paid, if they want to sell in a reasonable amount of time. Essentially, what you have done is just brought the entire neighborhood's values down. Heaven forbid you lose your job or fall ill and have to sell your home before the market recovers. Will you want to be low-balled even if you've priced your home appropriately? I would think not.

[CouponJack]

Originally Posted by palmcoasting

So, you are looking to take advantage of someone's situation, which may or may not have to do with poor financial choices but could be entirely due to other circumstances in their lives. Take advantage of their desperation. And there is nothing 'wrong' with that. But that does not mean people who do not do that are 'suckers'. If you don't want emotion involved in it then why the derogatory terms for sellers and buyers who aren't desperate or aren't looking to take advantage of someone or are looking at a home sale/purchase in an entirely different way?

So let me get your position straight. If a "distressed" seller is in dire straits, I'm supposed to make an offer "higher" than what he would be willing to accept, because someone is not supposed to take advantage of the seller?

What kind of crazy logic is that? Explain that one please.

Your job is to keep "emotion" OUT of the transaction, not inject it.


BUSINESS 101. Pay the least amount you can and try to sell for as much as you can. If you want to inject emotions into it, you're in the wrong business and frankly that's what your customers are paying you to do.

[CouponJack]

Originally Posted by talk2u

Just something to keep in mind...

Yes, this is a buyers market and I don't blame you for trying to get the best possible price you can in a falling market. However, keep in mind that when a seller accepts your low-ball offer, you've just set the tone for the entire neighborhood. Now everyone in your new neighborhood who wants to sell will have to price their home according to the price you just paid, if they want to sell in a reasonable amount of time. Essentially, what you have done is just brought the entire neighborhood's values down. Heaven forbid you lose your job or fall ill and have to sell your home before the market recovers. Will you want to be low-balled even if you've priced your home appropriately? I would think not.

talk, this makes no sense! Its the market talking, not the individual who makes the offer. No one is FORCING sellers to sell. If you don't like the offer, refuse! Simple as that and then you won't have values dropping.

Anyway, a home is MEANT to be lived in for a long period of time and not expected to appreciate above inflation. If you're in your home 20-30 years, it won't make a difference to the neighborhood if you cut a couple grand off the price of your house. If you CHOOSE to move in a short period of time, then don't be surprised if you end up losing money on your transaction.
This is the problem w/the mindset of many people. They expect a healthy appreciation or never think that values can go DOWN just as easily as they can go up.

[InflationNation]

Originally Posted by palmcoasting

So, you are looking to take advantage of someone's situation, which may or may not have to do with poor financial choices but could be entirely due to other circumstances in their lives. Take advantage of their desperation. And there is nothing 'wrong' with that. But that does not mean people who do not do that are 'suckers'. If you don't want emotion involved in it then why the derogatory terms for sellers and buyers who aren't desperate or aren't looking to take advantage of someone or are looking at a home sale/purchase in an entirely different way?

What about the buyer's agent who chooses to "conspire" with the buyer to purchase this property at a discount by representing the buyer's "lowball" offer? Are they also some sort of subhuman who is taking advantage of someone else's misery also? Or is that different? Everyone wants to put the "blame" (as if there's any to be put) on the buyer for even dreaming of a bargain number. What about the seller's agent who doesn't recommend to the seller not to take a particular offer? Commission is a nice thing for a realtor and even a heavily discounted price doesn't affect it too much, so we will know where the motivation lies for him/her.

This isn't altruism, it's capitalism. If someone likes altruism so much, move to a more socialized country.

[talk2u]

Originally Posted by CouponJack

talk, this makes no sense! Its the market talking, not the individual who makes the offer. No one is FORCING sellers to sell. If you don't like the offer, refuse! Simple as that and then you won't have values dropping.

My comment was not for the person who just willy-nilly buys a house today and decides to sell it in six-months. I was talking about someone being forced to sell due to job loss or unexpected illness who just low-balled and had a seller accept. Go back and read my post.

Originally Posted by CouponJack

They expect a healthy appreciation or never think that values can go DOWN just as easily as they can go up.

I don't expect anything so please stop getting your undies all in a bunch every time someone says something contrary to what you believe is truth. Sheesh!!!!

[InflationNation]

Originally Posted by talk2u

My comment was not for the person who just willy-nilly buys a house today and decides to sell it in six-months. I was talking about someone being forced to sell due to job loss or unexpected illness who just low-balled and had a seller accept. Go back and read my post.



I don't expect anything so please stop getting your undies all in a bunch every time someone says something contrary to what you believe is truth. Sheesh!!!!

Unless that person is a family member, it won't make a lick of difference on the price that is offered. I wouldn't offer less BECAUSE they were sick thinking I'd be a better catch to scoop it up. I would offer less because I knew the market worked in my favor, without ANY regard to the seller's predicament.

It's a shame that people actually get angry because of this, and blame the media. No one blamed the media for hyping up the fallacy that owning a house was the key to vast riches.

[InflationNation]

Originally Posted by talk2u

Just something to keep in mind...

Yes, this is a buyers market and I don't blame you for trying to get the best possible price you can in a falling market. However, keep in mind that when a seller accepts your low-ball offer, you've just set the tone for the entire neighborhood. Now everyone in your new neighborhood who wants to sell will have to price their home according to the price you just paid, if they want to sell in a reasonable amount of time. Essentially, what you have done is just brought the entire neighborhood's values down. Heaven forbid you lose your job or fall ill and have to sell your home before the market recovers. Will you want to be low-balled even if you've priced your home appropriately? I would think not.

Feel good altruism. No one felt altruistic about first time homebuyers getting priced out when prices were spiking. They were just dismissed as "jealous".

Can't have your cake and eat it too.

[InflationNation]

I also think it's hypocritical to assume someone's overall personality just from the way they bargain for a house. Terms like "snaking into neighborhood" or "be careful what you wish for" seem to me rash opinions on the kind of person someone is just from the way they bargain. They could be the nicest person in the world, giving to charity, contributing time at a homeless shelter, maybe even do MORE than most people on this thread do for the unfortunate. They just want in on the American dream.

Keep your emotions at the door when it comes to real estate. Maybe when prices come back to reality, we won't put as much emotional stock into an asset since we won't be so HIGHLY leveraged on its success.

[talk2u]

Originally Posted by InflationNation

Feel good altruism. No one felt altruistic about first time homebuyers getting priced out when prices were spiking. They were just dismissed as "jealous".

Can't have your cake and eat it too.

I don't feel sorry for first-time home buyers then or now. I bought my first home in my 20s. I was single and making $40K/yr with a car payment and student loans. I knew what I could afford and I bought accordingly. I could afford my payments and sold it to buy a bigger home in my 30s when my income increased.

I'm tired of people saying first-time buyers are priced out. Buy something that's in your price range, or make adjustments in your lifestyle so that you can afford to buy a home, if that's what you really want to do.

Just like you don't want to pay for a sellers bad choices, I'm not going to pay for a buyers big dreams.