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Old 06-25-2008, 04:35 PM
 
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I have a potential buyer for our house who wants us to let them know what our lowest price would be that we would accept. Usually the buyer makes an offer and the seller counter-offers. Is this way normal?
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Old 06-25-2008, 04:51 PM
 
Location: San Jose, CA
7,688 posts, read 27,629,777 times
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Quote:
Originally Posted by jp03 View Post
I have a potential buyer for our house who wants us to let them know what our lowest price would be that we would accept. Usually the buyer makes an offer and the seller counter-offers. Is this way normal?
Disclaimer: I'm not a realtor. But as far as I understand, it's up to the buyer to throw out the first ball. Do you have an agent? If so, advise the seller, through him/her, that you have set an asking price that you feel is fair based on market conditions, but you will review and consider any offer that is tendered to you. The buyer is trying to take money out of your pocket.

A nastier alternative would be to write up an offer at list price or close to it.
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Old 06-25-2008, 05:16 PM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,958 posts, read 20,985,326 times
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This is a situation where the question is best answered with another question. Ask the potential buyer what the HIGHEST price he would pay. One of the best things about having an agent is there is no face to face negotiating, which usually means the best negotiator wins.
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Old 06-25-2008, 05:49 PM
 
3,191 posts, read 8,802,927 times
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Is the market really really slow where you are? You might consider it, especially if you are in a position of absolutely needing to sell......
Heck I would love to make buyers an offer! Some of them must be dumb as stumps, or their agents aren't telling them it IS OKAY to throw out an amount less than asking...and see where it goes!!
We had one party come 3 freaking times.Why they are dragging their feet is anyone's guess, even per their agent to ours.....I feel like sending them a message- look we'll make it easy on you-we will take $xxx,xxx, so write it up and 'present' it!


(and before anyones say why not lower the price...hey we need SOME wiggle room...LOL)
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Old 06-25-2008, 06:05 PM
 
Location: Upstate NY native, now living in Houston
663 posts, read 2,158,092 times
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Quote:
Originally Posted by jp03 View Post
I have a potential buyer for our house who wants us to let them know what our lowest price would be that we would accept. Usually the buyer makes an offer and the seller counter-offers. Is this way normal?

Don't tell them! It's not their business. It's up to them to make you an offer.
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Old 06-25-2008, 06:55 PM
 
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It is sort of silly, isn't it? I mean I've bought cars enough times to know that pretty much every deal can be "beaten" somehow / someway.
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Old 06-25-2008, 07:11 PM
 
Location: GA
2,791 posts, read 10,262,580 times
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Quote:
Originally Posted by crazyma View Post
Is the market really really slow where you are? You might consider it, especially if you are in a position of absolutely needing to sell......
Heck I would love to make buyers an offer! Some of them must be dumb as stumps, or their agents aren't telling them it IS OKAY to throw out an amount less than asking...and see where it goes!!
We had one party come 3 freaking times.Why they are dragging their feet is anyone's guess, even per their agent to ours.....I feel like sending them a message- look we'll make it easy on you-we will take $xxx,xxx, so write it up and 'present' it!


(and before anyones say why not lower the price...hey we need SOME wiggle room...LOL)
I'm starting to think this is a good strategy. This way everyone's time isn't wasted.
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Old 06-25-2008, 09:09 PM
 
Location: Apple Valley Calif
7,474 posts, read 21,806,133 times
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They want you to make the first offer in hopes your price is lower than what they were going to offer. Buyers in todays market are thinking all sellers are desperate and will give the place away...
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Old 06-25-2008, 09:18 PM
 
Location: WNY
1,049 posts, read 3,664,109 times
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Quote:
Originally Posted by Donn2390 View Post
They want you to make the first offer in hopes your price is lower than what they were going to offer. Buyers in todays market are thinking all sellers are desperate and will give the place away...
isnt that the truth......however, why not just give it to them? what does it hurt? unless your home is on the market for 500k or more, you probably dont have much wiggle room anyway
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Old 06-25-2008, 10:54 PM
 
Location: Cary, NC
2,407 posts, read 10,267,565 times
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This would appear to be a form of negotiating If you don't want to name your bottom line, simply reply that you would consider all written offers.
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