For the last couple of months I have been submitting lowball
offers. I usually look at the tax records and see if they are even able to go down in price (some just owe too much money) Then I do the math and figure what that place would rent for and come up with an amount. Usually its at least 100k off the asking price. One thing I see happening when I submit these low offers is that they put them in a pending status or just take them off the market all together. One condo I sent an offer to is still pending after two months. The agent sent me a nasty voice message and said that she got a full price offer.
Actually I’m seeing prices drop so fast now that I stopped with the offers. I’m just saving money and waiting until next year.
