5 comments

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  Land Developer

  9 months ago

  A couple of very good points, people know that property owners may have strong emotional attachments to their property and may want more than is reasonable, but often investors are emotionally attached to their money! Of course they are going to try and get the best price they can. However I agree that making an offer so low that it seems almost offensive is probably not the best way to get started in a negotiation.
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  James West

  8 months ago

  There is an old adage in pricing items that are for sale, "I can always come down on the price but I can't raise it once I find a buyer". The same principle is true for an investor placing a low bid on a property. They can always raise their offer but it is unlikely that they will be able to lower it after its been submitted.
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  Waverly Thornton

  9 months ago

  Could'nt agree more. Sellers realizing that Buyers are making low offers due to the overall financial climate of our economy mandated by a miriad of fiscally irresponsible decisions made by the gross negligence of Congress will
  simple counter at an acceptable price. Taking the emotions out of any business decision, and yes, selling the largest asset many of us will ever have, is a business decision, will reap greater profits for Sellers. Calm, decisive,
  analysis of the components of the offer will benefit parties on both sides of the negotiating process.
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  Baltimore Real Estate

  8 months ago

  We've seen the same in the Baltimore market, though I suspect the same thing is going on around the country too. Recently had a client who offered less than 75% of asking. We advised them that the offer was not going to be accepted and that it may be so low as to turn the seller off entirely. After getting an earful from the listing agent (who apparently had NOT checked his emotions at the door!) the seller did, in fact, counter, coming down .6% (yes, POINT six percent) from the list price. At least there was a counter, but it was clear that it was intended to tell our client "come back with a real offer...we don't have to sell this house and we certainly aren't going to let you steal it." Now, that's a lot for a simple number to say, but we got the message load and clear (not that we didn't know what the message would be).
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  bnix

  8 months ago

  Emotional buyers and sellers are going to be frustrated and dissapoibted in the current market.
  
  ------------
  Brad Nix
  Managing Broker
  Maxsell Real Estate
  770-653-6155
  http://maxsell.net
  
  Typed with two thumbs
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