[quote=SD Realtor]What you think is inconsequential. What is important is what do the sellers think? Submitting a lowball offer is virtually effortless so ask you agent to do so. If you find that your offer is in line with comps, then you can have your agent send the comps to try to bolster your argument. Time on market is important as well as submitting a lowball offer to a home recently listed is much less likely to get a response then submitting a lowball offer to a home with a few months on the market.
So shoot off the lowballs and be patient. Be prepared for many declines or no responses. If you are patient (and realistic) though the market will come to you.[/quote]
I totally agree with this. You don’t lose anything by submitting a lowball offer. Even if it’s much lower than existing comps. I totally agree that time on the market is really important.
When we were submitting offers, we went in with lower offer. The sellers came back and countered at the asking price which puzzled us as it was sitting on the market a LONG time. We came up slightly (not too much) and just told them that was our final offer. I did change it to an all cash offer which is what got them to agree to it.
You don’t lose anything by going in lower. Especially in this kind of economic environment.
