For one, low balling is not the same as the analogy you or I put up. Low balling is like negotiating with the dealer near you who’s selling at or above MSRP and getting near invoice instead. I think you’ve mistaken me with someone else too. Effective for me? I’m just being patient and waiting this thing out. But effective is all relative. I’m sure the person who bought this thinks it’s pretty effective. Builder was asking for around $830k and final sale price was around $750k. That’s 10% off asking price. Do you think this low ball offer was effective? I think it was pretty effective in term of getting the house for 10% below asking price. But that’s still over priced to me.
In regards to builder holding firm, a friend of mine just visited Pienza last weekend. They were asking $780k for the model he liked. But then immediately after saying the price, they told him the price is negotiable and he could get as much as $60k in incentives. So, Ray, do you really think the seller won’t budge? Obviously they won’t go as low as I want them to. I want invoice price but not all cars can be had at invoice price. Some can be had under invoice.
