Buyers Mistakes In Making Low Ball Offers
Today is a buyer's market. Since home buyers knew that today is a buyers market, they expect to get the best deal on their purchase. This holds true whether you're hunting for Logan UT Homes, or Atlanta Real Estate.
A lot of buyers want to "low ball" their offer, and see just how low the seller is willing to come down in price.
While this strategy is sometimes effective, most times it is not. Most sellers get defensive and hostile when a very low offer is made on their home.
One best counter strategy for this market is to make an offer that is not too low and that will be readily accepted. This kind of offer could be not too low to make a good deal, and not high enough to lose the buyer.
In most cases, property sellers have been waiting for a qualified buyer for months. When they finally get a bite, they don't want to lose it.
If a home buyer has a good buyers agent, the agent is going to sell it it to the listing agent that the offer is good, and that the buyers are waiting for to be accepted. Agents, on the other hand will think that it is an all or nothing offer.
When the seller receives the offer, they will understand that even though the offer is probably slightly lower than what they would have accepted, they may take it, just to have it done with.
By taking the initial offer, they don't have to feel the pain of waiting for what's uncertain. They can get their home "under contract" by accepting the offer right away.
It's a great time to buy Cache Valley UT Real Estate. If you're starting your house hunt, check out Logan homes for Sale
Posted at 12:07AM May 06, 2011 by Cornerstone Real Estate in Real Estate |