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In this hypothetical example, "if" a property was listed at $100K, and "I" was sure it was "worth" $130K, I am going to offer full list price of $100K. That's what the seller is asking in this hypothetical example.
Based on your example, the uniformed and unsophisticated person is the "seller."
obviously no one would go over list price in a vacuum of zero competition aka other offers. I've told people in the past "we shouldn't dilly dally around, this house is underpriced. Don't try and start too low and drag this out, cause you're risking the chance of someone else coming along that also realizes it's under-priced."
But I've neverr said "Aww this poor Seller has such a terrible agent. You should pay him 110K, cause you're STILL coming out better than him."
Clients lost out on an offer on Sunday evening. It was their 4th miss. "Bidding over list" and getting beat on price.
While they were in the office, another couple came in to return my loaner box van.
I asked them to say how many offers we wrote before they got a home.
"5. Maybe 6."
So, between two first-timers, we had a total of 9 or 10 offers in the room.
Exhausting! Makes the idea of buying again loathsome - we will stay put and make the space work rather than wade back into home buying again down the line. Once was enough.
Exhausting! Makes the idea of buying again loathsome - we will stay put and make the space work rather than wade back into home buying again down the line. Once was enough.
Exhausting! Makes the idea of buying again loathsome - we will stay put and make the space work rather than wade back into home buying again down the line. Once was enough.
When you are living with Ma and Pa and want to start your own family, sometimes you have to step out.
When you are living with two guys and want to get married, sometimes you have to step out.
It IS really uncomfortable for many buyers right now. No doubt. But, everyone has their own needs, and their own ambitions.
Clients lost out on an offer on Sunday evening. It was their 4th miss. "Bidding over list" and getting beat on price.
While they were in the office, another couple came in to return my loaner box van.
I asked them to say how many offers we wrote before they got a home.
"5. Maybe 6."
So, between two first-timers, we had a total of 9 or 10 offers in the room.
LOL. Realtors sure do love to tell stories that encourage people to pay more for houses.
LOL. Realtors sure do love to tell stories that encourage people to pay more for houses.
????
Is the story untrue?
Let me handle that one for you.
No. It is true.
Would you be better served in your naivete and lack of experience if I related fabricated stories of great success getting houses under contract in multiple offer situations with offers at 20% below list price?
I think not.
I would leave that game to others, who probably have no experience in real estate transactions in a difficult-for-buyers' market.
Would it help you in your aggressive naivete if I told you that I talked the couple bringing the van back into NOT offering $10,000 over list, but to offer list with $10,000 in CC credit from the owners, which was accepted?
I recognize that that doesn't nestle comfortably with the banality and speciousness of your input, but it also is true.
Last edited by MikeJaquish; 05-22-2018 at 03:01 PM..
It’s a trend I’ve noticed among all of our friends who’ve bought a SFH - regardless of region or price, they’re buying a house they can stay put in! I’m among those who believe the “starter home” as an investment is an outdated idea and is no longer realistic for first time homebuyers.
Location: Formerly Pleasanton Ca, now in Marietta Ga
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Quote:
Originally Posted by Greeniejeans
With all due respect, that is typical realtor speak. There is no way to know what anything is truly worth. It’s worth what someone closes if for, and that’s it.
My son-in-law is a realtor, so I truly am not trying to be snarky, but even he is amazed at what housing is doing.
So when people are overbidding and paying over asking, then it is not rediculous as you say, but they are paying what it is worth since the property closes for that price.
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Once was enough.
