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So I take you aren't using a realtor to help you buy your house? Why not?
RIght now Im browsing with a couple of different realtors. Why are you assuming I'm not? I'm trying to find the best deal in this economy so I'm not going to stick to one agent and bid as low as I want. The worst that can happen is they say no. Some of these houses need a lot of work inside.
RIght now Im browsing with a couple of different realtors. Why are you assuming I'm not? I'm trying to find the best deal in this economy so I'm not going to stick to one agent and bid as low as I want. The worst that can happen is they say no. Some of these houses need a lot of work inside.
I assume you are not because the questions you are asking would be taken care of by an agent. An agent will help you determine the market value of a house.
An agent will help you determine the market value of a house.
Just because your house is priced at "market value" doesn't mean you will find a buyer. The house could sit on the market for years. Point is, you never know your seller's motivation.
They may need the money next month or they will go bankrupt, even the realtor wouldn't know personal problems of a seller. In this economy, any offer should be entertained.
Just because your house is priced at "market value" doesn't mean you will find a buyer. The house could sit on the market for years. Point is, you never know your seller's motivation.
They may need the money next month or they will go bankrupt, even the realtor wouldn't know personal problems of a seller. In this economy, any offer should be entertained.
The OP hasn't even attempted to figure out what the house is worth. Regardless of how much someone is going to offer they should at least do some basic research. Hell, maybe the house isn't even worth the lowball offer.
If your going to send a low ball offer, send a letter to the seller telling them you sent in an offer for $$$ through xxxx realty office and explain your offer. You can get the mailing address for the seller at the town hall.
Many times a real estate agent will just lie and say the offer was rejected and the seller never gets to see the offer. No one would know there was a valid offer or if it was actually rejected. Yes, the world is unfair.
The seller may want a quick sale, so you may get lucky.
Honestly I was skeptical see never made the bid due to the quick reply
Just because your house is priced at "market value" doesn't mean you will find a buyer. The house could sit on the market for years. Point is, you never know your seller's motivation.
They may need the money next month or they will go bankrupt, even the realtor wouldn't know personal problems of a seller. In this economy, any offer should be entertained.
Ditto MikeJ on this. Market value is by definition the price at which point the "average" buyer is willing to pay for the property. If the property isn't selling for years, then it means that it isn't at market value by definition. (Luxury properties excluded as they can have a several year sell time which is normal).
I also disagree that we agents don't know the personal problems of our seller clients. We DO know that which is why we have fiduciary duties to them to keep it confidential. We'd better know if our client is heading to bankruptcy as that impacts the sale of a property.
I also disagree that we agents don't know the personal problems of our seller clients.
Sure. Because sellers never lie. LOL. Buyers lie, sellers lie, realtors lie, if you dont think they do, your fooling yourself.
PS. I just used heading to bankruptcy if they dont sell, as one example of a long list of things you may not know about your seller.
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sounds good to me!
