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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.
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!
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!
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.
…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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