is this an insulting offer?

[kev374]

There are several townhomes in Mission Viejo that I am coming across priced between $450-500k. I wouldl like to offer $100k below that or 20-25% off which is $350-400k. This way even if the market falls 40%, which I think it will definitely, I can live with being upside down 15%.

Does this offer seem insulting given today’s market?

[drunkle]

if it’s bank owned, who cares if it’s insulting?

if it’s privately owned, be really nice about it…

if you’re dealing with a realtor, who cares if he’s insulted? it’s his job to be insulted, that’s haggling for you.

i think someone posted the “rules” of lowballing before… one thing that stuck was that if you give a low ball offer, it gives the seller a sense of a “bottom”. that is, your offer will be rejected, but anyone with even a slightly better offer could be taken.

so, you want to make an offer only if you can make the deal happen. you don’t want to provide someone else a platform from which to work off of.

i think it was also said that you don’t want to be the one to make the first move. you want the seller to spill the beans first, you want them to state a number from which you either get an idea of how desparate they are or how stubborn. if they just repeat the posted number, then walk away. dont give them anything, no counter offer because then you give them a bottom. if they give you a number below the asking, then you can work with that. offer something even lower and work up.

something like that.

[kev374]

The thing is that I really don’t care if my offer is rejected, it’s the sellers loss, that is just the reality of the market.

I have no urgency to buy, if not today I will wait and there will be much more choices a year from now.

I wanted to know if it’s better NOT to make an offer than make one that makes the seller want to get into fistfights 😀

[SD Realtor]

Kev I would go for it. Maybe they take it and maybe they don’t. If it really is bank owned there is nothing at all to lose by submitting the offer. If they don’t take it, then resubmit the offer each 4 or 5 weeks. Ya never know if you don’t try!

SD Realtor

[SD Realtor]

Kev I would go for it. Maybe they take it and maybe they don’t. If it really is bank owned there is nothing at all to lose by submitting the offer. If they don’t take it, then resubmit the offer each 4 or 5 weeks. Ya never know if you don’t try!

SD Realtor

[SD Realtor]

Kev I would go for it. Maybe they take it and maybe they don’t. If it really is bank owned there is nothing at all to lose by submitting the offer. If they don’t take it, then resubmit the offer each 4 or 5 weeks. Ya never know if you don’t try!

SD Realtor

[SD Realtor]

Kev I would go for it. Maybe they take it and maybe they don’t. If it really is bank owned there is nothing at all to lose by submitting the offer. If they don’t take it, then resubmit the offer each 4 or 5 weeks. Ya never know if you don’t try!

SD Realtor

[kev374]

The thing is that I really don’t care if my offer is rejected, it’s the sellers loss, that is just the reality of the market.

I have no urgency to buy, if not today I will wait and there will be much more choices a year from now.

I wanted to know if it’s better NOT to make an offer than make one that makes the seller want to get into fistfights 😀

[kev374]

The thing is that I really don’t care if my offer is rejected, it’s the sellers loss, that is just the reality of the market.

I have no urgency to buy, if not today I will wait and there will be much more choices a year from now.

I wanted to know if it’s better NOT to make an offer than make one that makes the seller want to get into fistfights 😀

[kev374]

The thing is that I really don’t care if my offer is rejected, it’s the sellers loss, that is just the reality of the market.

I have no urgency to buy, if not today I will wait and there will be much more choices a year from now.

I wanted to know if it’s better NOT to make an offer than make one that makes the seller want to get into fistfights 😀

[drunkle]

if it’s bank owned, who cares if it’s insulting?

if it’s privately owned, be really nice about it…

if you’re dealing with a realtor, who cares if he’s insulted? it’s his job to be insulted, that’s haggling for you.

i think someone posted the “rules” of lowballing before… one thing that stuck was that if you give a low ball offer, it gives the seller a sense of a “bottom”. that is, your offer will be rejected, but anyone with even a slightly better offer could be taken.

so, you want to make an offer only if you can make the deal happen. you don’t want to provide someone else a platform from which to work off of.

i think it was also said that you don’t want to be the one to make the first move. you want the seller to spill the beans first, you want them to state a number from which you either get an idea of how desparate they are or how stubborn. if they just repeat the posted number, then walk away. dont give them anything, no counter offer because then you give them a bottom. if they give you a number below the asking, then you can work with that. offer something even lower and work up.

something like that.

[drunkle]

if it’s bank owned, who cares if it’s insulting?

if it’s privately owned, be really nice about it…

if you’re dealing with a realtor, who cares if he’s insulted? it’s his job to be insulted, that’s haggling for you.

i think someone posted the “rules” of lowballing before… one thing that stuck was that if you give a low ball offer, it gives the seller a sense of a “bottom”. that is, your offer will be rejected, but anyone with even a slightly better offer could be taken.

so, you want to make an offer only if you can make the deal happen. you don’t want to provide someone else a platform from which to work off of.

i think it was also said that you don’t want to be the one to make the first move. you want the seller to spill the beans first, you want them to state a number from which you either get an idea of how desparate they are or how stubborn. if they just repeat the posted number, then walk away. dont give them anything, no counter offer because then you give them a bottom. if they give you a number below the asking, then you can work with that. offer something even lower and work up.

something like that.

[drunkle]

if it’s bank owned, who cares if it’s insulting?

if it’s privately owned, be really nice about it…

if you’re dealing with a realtor, who cares if he’s insulted? it’s his job to be insulted, that’s haggling for you.

i think someone posted the “rules” of lowballing before… one thing that stuck was that if you give a low ball offer, it gives the seller a sense of a “bottom”. that is, your offer will be rejected, but anyone with even a slightly better offer could be taken.

so, you want to make an offer only if you can make the deal happen. you don’t want to provide someone else a platform from which to work off of.

i think it was also said that you don’t want to be the one to make the first move. you want the seller to spill the beans first, you want them to state a number from which you either get an idea of how desparate they are or how stubborn. if they just repeat the posted number, then walk away. dont give them anything, no counter offer because then you give them a bottom. if they give you a number below the asking, then you can work with that. offer something even lower and work up.

something like that.

[PadreBrian]

If it’s bank owned offer away. I posted a listing last month where they took 30% off. In Carmel Valley!

[PadreBrian]

If it’s bank owned offer away. I posted a listing last month where they took 30% off. In Carmel Valley!

[PadreBrian]

If it’s bank owned offer away. I posted a listing last month where they took 30% off. In Carmel Valley!

[PadreBrian]

If it’s bank owned offer away. I posted a listing last month where they took 30% off. In Carmel Valley!

[The OC Scam]

Try a low ball offer and sumbit the Goldman Sachs report 12 pages on the California Housing market being 35% to 40% over valued. Atleast they understand where you are coming from…

[The OC Scam]

Try a low ball offer and sumbit the Goldman Sachs report 12 pages on the California Housing market being 35% to 40% over valued. Atleast they understand where you are coming from…

[The OC Scam]

Try a low ball offer and sumbit the Goldman Sachs report 12 pages on the California Housing market being 35% to 40% over valued. Atleast they understand where you are coming from…

[The OC Scam]

Try a low ball offer and sumbit the Goldman Sachs report 12 pages on the California Housing market being 35% to 40% over valued. Atleast they understand where you are coming from…

[Coronita]

Rehtorical question: Do you find it insulting some MLS listings still list a sale price with a $100k spread?

Insult away. It's a buyer's market. 

[PadreBrian]

Spreads were ALWAYS insulting. And “Entertaining offers” still makes me laugh to this very day.

[PadreBrian]

Spreads were ALWAYS insulting. And “Entertaining offers” still makes me laugh to this very day.

[PadreBrian]

Spreads were ALWAYS insulting. And “Entertaining offers” still makes me laugh to this very day.

[PadreBrian]

Spreads were ALWAYS insulting. And “Entertaining offers” still makes me laugh to this very day.

[Coronita]

Rehtorical question: Do you find it insulting some MLS listings still list a sale price with a $100k spread?

Insult away. It's a buyer's market. 

[Coronita]

Rehtorical question: Do you find it insulting some MLS listings still list a sale price with a $100k spread?

Insult away. It's a buyer's market. 

[Coronita]

Rehtorical question: Do you find it insulting some MLS listings still list a sale price with a $100k spread?

Insult away. It's a buyer's market. 

[bsrsharma]

I don’t know what an insulting offer is in this market. But I think there will be some homes in Inland Empire and San Joaquin valley where towns may like to give them away for free to prevent urban blight. This has happened in Rust belt cities earlier.

[bsrsharma]

I don’t know what an insulting offer is in this market. But I think there will be some homes in Inland Empire and San Joaquin valley where towns may like to give them away for free to prevent urban blight. This has happened in Rust belt cities earlier.

[bsrsharma]

I don’t know what an insulting offer is in this market. But I think there will be some homes in Inland Empire and San Joaquin valley where towns may like to give them away for free to prevent urban blight. This has happened in Rust belt cities earlier.

[bsrsharma]

I don’t know what an insulting offer is in this market. But I think there will be some homes in Inland Empire and San Joaquin valley where towns may like to give them away for free to prevent urban blight. This has happened in Rust belt cities earlier.

[Author]

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