sd-maybe for the first time in a long time I was not on line during my usual 11pm – 2pm hours. I had some code failing and had to gruel through it so I was offline…
Unfortunately I don’t have any unique insights to add because Jim and Rustico nailed it. Hey different agents, different efforts you know? Like I said, I will pretty much do whatever the client wants me to do. Most of my seasoned lowballers have learned the drill. That is, they will be pretty gung ho to submit offers at first… After several rejections it gets a bit repetitive and they are okay with me just calling the listing agent and checking to see if it is worth thier time (my buyers time) to submit a written offer. Even if the listing agent says no it is not worth our time, I will absolutely submit the offer if the buyer wants me to. However for alot of the properties we have been looking at, many of them either have offers or the banks will not look at the lowball offers so… well we sit tight.
This is again, why I really want to see some of the REOs that have been discussed where the sales price has supposedly been 50% of the listed price.
Lowball offers don’t have to be offensive. In the case where I call the listing agent I tell it like it is… I have a very well qualified buyer who is coming in with these terms but is very concerned about the depreciating market and wants to build in some margin. Mostly the listing agents are understanding but yeah some are snobby.
Hang in there sd-maybe.
SD Realtor
ps Rus and Jim thanks for the kind words. Jim I know you are only being nice to me cuz I owe you dinner.
