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Old 01-02-2008, 08:30 AM
 
Location: Dallas, Texas
3,589 posts, read 4,116,834 times
Reputation: 533

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Quote:
Originally Posted by leavingbyron View Post
Maybe they'll get lucky, maybe not. I'd take my house off the market or rent it before I would consider a lowball offer, but that's just me. I'm sure there are a multitude of sellers out there that would do the same.
But you never know, you might get lucky!
It's absolutely your right to do that; nobody's going to put a gun to your head and force you to sell your house to someone who makes a "lowball" offer.

If I get nothing but rejected offer after rejected offer when I go to buy a house, that'll be a clue to me that what I'm offering is too low. I'd take a step back and look at the market again to see if I'm really being fair or if the sellers are just being stubborn. I'm not totally hardheaded.
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Old 01-02-2008, 08:54 AM
 
Location: Albany, OR
540 posts, read 2,166,089 times
Reputation: 359
Quote:
Originally Posted by nativeDallasite View Post
That's a fair analysis. I think it's a smart strategy in a buyer's market, personally.
I agree that it can be effective. In any market actually, it just requires the right combination of buyer and seller. Its a "playing the percentages" type of strategy (similar to one that some of my fraternity brothers in college used with regard to meeting women. It resulted in a lot of slapped faces, but the occasional success story). (Just kidding here! Sorry)

When a good Realtor works with a client (buyer or seller) in a negotiation, they try to help them develop the most effective strategy for THEIR particular situation - one that helps them to achieve THEIR goals. It generally means you have to know the other party's goals (at least get as much info as you an), develop trade-offs, understand their motivations (and yours). There are a number of very effective strategies for successful negotiations, their should be tools in your tool box. You can't fix everything with the same hammer, sometimes you need a wrench, and sometimes a screwdriver...and sometimes a BIGGER hammer!
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Old 01-02-2008, 10:38 AM
 
5,339 posts, read 14,071,350 times
Reputation: 4694
Quote:
Originally Posted by leavingbyron View Post
Maybe they'll get lucky, maybe not. I'd take my house off the market or rent it before I would consider a lowball offer, but that's just me. I'm sure there are a multitude of sellers out there that would do the same.
But you never know, you might get lucky!
Some sellers have to sell.
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Old 01-02-2008, 10:51 AM
 
Location: Dallas, Texas
3,589 posts, read 4,116,834 times
Reputation: 533
Quote:
Originally Posted by TimtheGuy View Post
Some sellers have to sell.
They don't have to sell to me, though.
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Old 01-02-2008, 10:54 AM
 
69,368 posts, read 63,814,416 times
Reputation: 9383
Quote:
Originally Posted by nativeDallasite View Post
They don't have to sell to me, though.
I'm making an offer on a property today, where for the seller, its sell to me, or lose it Monday in a sheriff sale.

What a choice, save your credit and lose your property, or lose your property.
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Old 01-02-2008, 10:59 AM
 
Location: Halfway between Number 4 Privet Drive and Forks, WA
1,516 posts, read 4,579,380 times
Reputation: 677
Quote:
I'm making an offer on a property today, where for the seller, its sell to me, or lose it Monday in a sheriff sale.

What a choice, save your credit and lose your property, or lose your property.
That's true...on the other hand if they're that far out in foreclosure, they're credit is probably shot anyway...
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Old 01-02-2008, 11:16 AM
 
Location: Dallas, Texas
3,589 posts, read 4,116,834 times
Reputation: 533
Quote:
Originally Posted by pghquest View Post
I'm making an offer on a property today, where for the seller, its sell to me, or lose it Monday in a sheriff sale.

What a choice, save your credit and lose your property, or lose your property.
Are you expecting me to feel guilty about that? How is any of that my problem?
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Old 01-02-2008, 11:46 AM
 
5,458 posts, read 6,693,271 times
Reputation: 1814
Quote:
Originally Posted by olecapt View Post
No they don't. They do believe the prices will fall further next year. And they will believe it one year too many. Happens every time.
Luckily house prices don't move quickly in either direction. Being 6 months or a year off the bottom isn't that big a deal, especially in cases where prices drop 25 - 50% to get there.
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Old 01-02-2008, 11:48 AM
 
Location: Halfway between Number 4 Privet Drive and Forks, WA
1,516 posts, read 4,579,380 times
Reputation: 677
Quote:
Are you expecting me to feel guilty about that? How is any of that my problem?
oh no, not at all...I was just making a statement in general and keeping the conversation flowing. Don't be so defensive
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Old 01-02-2008, 11:53 AM
 
Location: Las Vegas, NV
403 posts, read 1,167,381 times
Reputation: 216
Quote:
Originally Posted by DavePautsch View Post
…There are a number of very effective strategies for successful negotiations, their should be tools in your tool box… hammer… wrench, and sometimes a screwdriver...


Although I find that the screwdriver often comes in very handy, the most effective tool I use with clients is the martini.
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