Comments on: Don’t let a low ball put you behind the eight ball http://dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/ Just another realestatetomato.net weblog Tue, 06 Jan 2009 14:24:30 +0000 http://wordpress.org/ By: joe blogs http://dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-896 joe blogs Sun, 30 Mar 2008 13:45:05 +0000 http://www.dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-896 you should be ashamed of yourself for encouraging your niece to play on a trampoline. those are death traps. i hope she doesn't break her neck. you should be ashamed of yourself for encouraging your niece to play on a trampoline. those are death traps. i hope she doesn’t break her neck.

]]> By: Charles Woodall http://dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-576 Charles Woodall Thu, 31 Jan 2008 16:03:07 +0000 http://www.dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-576 You make a great point Perri. We as REALTORS have to help sellers remove the emotion and not be offended by these low offers. If we are successful at doing that, then the process will go a lot smoother. You make a great point Perri. We as REALTORS have to help sellers remove the emotion and not be offended by these low offers. If we are successful at doing that, then the process will go a lot smoother.

]]> By: Perri K. Feldman http://dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-567 Perri K. Feldman Wed, 30 Jan 2008 04:24:42 +0000 http://www.dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-567 It seems that low ball offers are coming in all over the country. We just had one in Madison, NJ and it proved to be a buyer "just fishing." One week later another "very" low offer came through and alas, we started negotiating and eventually we came to an agreement. :) As realtors in this crazy market, we need to help our sellers realize that homes that are priced well...will indeed sell. The minute their home goes on the market they need to detach a bit and make a business decision devoid of emotion. Buyers are poised to come in low...the seller's don't have to take it...but a reasonable counter helps the process along. It seems that low ball offers are coming in all over the country. We just had one in Madison, NJ and it proved to be a buyer “just fishing.” One week later another “very” low offer came through and alas, we started negotiating and eventually we came to an agreement. :)

As realtors in this crazy market, we need to help our sellers realize that homes that are priced well…will indeed sell. The minute their home goes on the market they need to detach a bit and make a business decision devoid of emotion. Buyers are poised to come in low…the seller’s don’t have to take it…but a reasonable counter helps the process along.

]]> By: Mary De Luca http://dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-430 Mary De Luca Sun, 06 Jan 2008 23:41:57 +0000 http://www.dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-430 All the buyers in today's market are looking for "a deal." It's too bad they don't realize that a "low ball" offer is insulting to a seller that prices his or her home to sell. Instead of the seller now working in good faith to make a reasonable counter offer so that you can ultimately reach something everyone can live with, they tend to counter at a higher price, just because their emotion has taken over. I have no problem in telling my buyers they are making too low an offer and what I expect the counter to be and they- the buyer have to decide what final price they want to buy their new home for. All the buyers in today’s market are looking for “a deal.” It’s too bad they don’t realize that a “low ball” offer is insulting to a seller that prices his or her home to sell. Instead of the seller now working in good faith to make a reasonable counter offer so that you can ultimately reach something everyone can live with, they tend to counter at a higher price, just because their emotion has taken over.

I have no problem in telling my buyers they are making too low an offer and what I expect the counter to be and they- the buyer have to decide what final price they want to buy their new home for.

]]> By: Margaret Woda http://dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-422 Margaret Woda Sat, 05 Jan 2008 04:15:25 +0000 http://www.dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-422 Lots of low offers in Crofton, Maryland, too. In the end, however, sale prices aren't down that much from last year. I think buyers feel like they're expected to make a low offer - any seller who gets one and doesn't counter-offer is making a mistake, in my opinion. Lots of low offers in Crofton, Maryland, too. In the end, however, sale prices aren’t down that much from last year. I think buyers feel like they’re expected to make a low offer - any seller who gets one and doesn’t counter-offer is making a mistake, in my opinion.

]]> By: Lenny Gurvich http://dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-421 Lenny Gurvich Fri, 04 Jan 2008 21:52:20 +0000 http://www.dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-421 You certainly have to work with any offer you can get in this market. Just the fact that someone wants your home is a big first step. The next step is to back up your asking price with pertinent market data in a counter-offer. Many low-ballers just throw an offer out there to see where the seller stands. Sellers and their agents need to show that the price of the property is fair as compared to what others have recently paid for similar homes, and what's available as an alternative. Many buyers, along with their agents, just don't do their homework! You certainly have to work with any offer you can get in this market. Just the fact that someone wants your home is a big first step. The next step is to back up your asking price with pertinent market data in a counter-offer. Many low-ballers just throw an offer out there to see where the seller stands. Sellers and their agents need to show that the price of the property is fair as compared to what others have recently paid for similar homes, and what’s available as an alternative. Many buyers, along with their agents, just don’t do their homework!

]]> By: Janis Gagliardi http://dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-418 Janis Gagliardi Fri, 04 Jan 2008 03:58:21 +0000 http://www.dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-418 We too have had the same scenarios here in Port Orange FL! Some of our sellers have been so angered over lowball offers that they counter their original asking price. We try to find out why the buyer is interested and why the offer is low if we have the property priced right. Also if the offer is far below what the seller can accept, we suggest that our sellers make a prompt counteroffer anyway and not counter with their lowest acceptable price. We too have had the same scenarios here in Port Orange FL! Some of our sellers have been so angered over lowball offers that they counter their original asking price. We try to find out why the buyer is interested and why the offer is low if we have the property priced right.

Also if the offer is far below what the seller can accept, we suggest that our sellers make a prompt counteroffer anyway and not counter with their lowest acceptable price.

]]> By: Pensacola Real Estate News http://dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-416 Pensacola Real Estate News Thu, 03 Jan 2008 22:15:06 +0000 http://www.dothanhomesearch.com/2008/01/03/dont-let-a-low-ball-put-you-behind-the-eight-ball/#comment-416 I try to prepare sellers ahead of time for lowball offers. Too often, they take it as a personal insult to the home they love. I have always recommended a counteroffer, as you mentioned. I was in a class recently where the instructor recommended saying "No" to lowball offers, and leaving the ball in the buyers court. She said this often takes them by surprise and they end up submitting a better offer. Haven't tried it myself. I try to prepare sellers ahead of time for lowball offers. Too often, they take it as a personal insult to the home they love. I have always recommended a counteroffer, as you mentioned. I was in a class recently where the instructor recommended saying “No” to lowball offers, and leaving the ball in the buyers court. She said this often takes them by surprise and they end up submitting a better offer. Haven’t tried it myself.

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