Low-ball Offers

[Raybyrnes]

I don’t think 10% is an out of line offer. You start going 20 to 40% and I think that you need to spend more time researching properties.

I’ll go back to the car anology. Once you have identified a loss leader your work is done. Walking in and thinking you are going to negotiate the price you are demonstrating your ignorance not your intelligence.

Maybe we are arguing the same point. Maybe you are saying you are going to identify a 500K home and try to pick it up for 400K. What I am looking to do is identify the same home that is listed at 415 and pick it up for 400K.

[salo_t]

Some factors I use before dropping a low-ball offer are:
1. How long has the home sat on the market?
2. Does the seller appear to be motivated?
3. Is the seller under water on their mortgage?
4. Does the offer (if accepted) make sense from an investment standpoint(ROI)? Speaking in terms of monthly rent not yearly appreciation. Also factor in the condition of the property and any repairs that may need to be done.

If all these check out than I will often go ahead and write up an offer with fair terms. This could be any type of property in any part of the city because I’m not looking for my own house at this time. In a year or so I’m sure we will all have our choice of low cost properties to choose from. As for the higher end houses and neighborhoods we may be in for a longer wait on those.

Like I said before though, lower end housing is taking a beating right now so I’m just riding this out for maybe another six months. If I can buy that 2 bed condo at 150K right now in six months it should be around 100K. Lets wait and see.

[Anonymous]

i 10000000000% agree with you

i am very annoyed. realtors and sellers get irrate with me when i offer 50% off offers. the reality is that what once went up like a rocket is coming down even faster. i cannot stress how overbloated the inventories are, how few people have the, what will soon be mandatory, 20% down and how few people now qualify for mortgages. i offered $180k cash on a house in tampa with an asking price of $300k. the agents, seller and all involved told me i was insane. $140,200 was the final selling price on auction. $40 thousand dollars less than what i was told was an insane offer.
real estate prices the WORLD over are grossly inflated. what you buy today at asking price will leave you with 50% negative equity in a years time

[Anonymous]

i 10000000000% agree with you

i am very annoyed. realtors and sellers get irrate with me when i offer 50% off offers. the reality is that what once went up like a rocket is coming down even faster. i cannot stress how overbloated the inventories are, how few people have the, what will soon be mandatory, 20% down and how few people now qualify for mortgages. i offered $180k cash on a house in tampa with an asking price of $300k. the agents, seller and all involved told me i was insane. $140,200 was the final selling price on auction. $40 thousand dollars less than what i was told was an insane offer.
real estate prices the WORLD over are grossly inflated. what you buy today at asking price will leave you with 50% negative equity in a years time

[Anonymous]

i 10000000000% agree with you

i am very annoyed. realtors and sellers get irrate with me when i offer 50% off offers. the reality is that what once went up like a rocket is coming down even faster. i cannot stress how overbloated the inventories are, how few people have the, what will soon be mandatory, 20% down and how few people now qualify for mortgages. i offered $180k cash on a house in tampa with an asking price of $300k. the agents, seller and all involved told me i was insane. $140,200 was the final selling price on auction. $40 thousand dollars less than what i was told was an insane offer.
real estate prices the WORLD over are grossly inflated. what you buy today at asking price will leave you with 50% negative equity in a years time

[Anonymous]

i 10000000000% agree with you

i am very annoyed. realtors and sellers get irrate with me when i offer 50% off offers. the reality is that what once went up like a rocket is coming down even faster. i cannot stress how overbloated the inventories are, how few people have the, what will soon be mandatory, 20% down and how few people now qualify for mortgages. i offered $180k cash on a house in tampa with an asking price of $300k. the agents, seller and all involved told me i was insane. $140,200 was the final selling price on auction. $40 thousand dollars less than what i was told was an insane offer.
real estate prices the WORLD over are grossly inflated. what you buy today at asking price will leave you with 50% negative equity in a years time

[Anonymous]

i 10000000000% agree with you

i am very annoyed. realtors and sellers get irrate with me when i offer 50% off offers. the reality is that what once went up like a rocket is coming down even faster. i cannot stress how overbloated the inventories are, how few people have the, what will soon be mandatory, 20% down and how few people now qualify for mortgages. i offered $180k cash on a house in tampa with an asking price of $300k. the agents, seller and all involved told me i was insane. $140,200 was the final selling price on auction. $40 thousand dollars less than what i was told was an insane offer.
real estate prices the WORLD over are grossly inflated. what you buy today at asking price will leave you with 50% negative equity in a years time

[Anonymous]

i am very annoyed. realtors and sellers get irrate with me when i offer 50% off offers. the reality is that what once went up like a rocket is coming down even faster. i cannot stress how overbloated the inventories are, how few people have the, what will soon be mandatory, 20% down and how few people now qualify for mortgages. i offered $180k cash on a house in tampa with an asking price of $300k. the agents, seller and all involved told me i was insane. $140,200 was the final selling price on auction. $40 thousand dollars less than what i was told was an insane offer.
real estate prices the WORLD over are grossly inflated. what you buy today at asking price will leave you with 50% negative equity in a years time.

if you think i am talking crap i will give you the mls numbers along with the appraisers office address and the realtors $300k advert.

[Anonymous]

i am very annoyed. realtors and sellers get irrate with me when i offer 50% off offers. the reality is that what once went up like a rocket is coming down even faster. i cannot stress how overbloated the inventories are, how few people have the, what will soon be mandatory, 20% down and how few people now qualify for mortgages. i offered $180k cash on a house in tampa with an asking price of $300k. the agents, seller and all involved told me i was insane. $140,200 was the final selling price on auction. $40 thousand dollars less than what i was told was an insane offer.
real estate prices the WORLD over are grossly inflated. what you buy today at asking price will leave you with 50% negative equity in a years time.

if you think i am talking crap i will give you the mls numbers along with the appraisers office address and the realtors $300k advert.

[Anonymous]

i am very annoyed. realtors and sellers get irrate with me when i offer 50% off offers. the reality is that what once went up like a rocket is coming down even faster. i cannot stress how overbloated the inventories are, how few people have the, what will soon be mandatory, 20% down and how few people now qualify for mortgages. i offered $180k cash on a house in tampa with an asking price of $300k. the agents, seller and all involved told me i was insane. $140,200 was the final selling price on auction. $40 thousand dollars less than what i was told was an insane offer.
real estate prices the WORLD over are grossly inflated. what you buy today at asking price will leave you with 50% negative equity in a years time.

if you think i am talking crap i will give you the mls numbers along with the appraisers office address and the realtors $300k advert.

[Anonymous]

i am very annoyed. realtors and sellers get irrate with me when i offer 50% off offers. the reality is that what once went up like a rocket is coming down even faster. i cannot stress how overbloated the inventories are, how few people have the, what will soon be mandatory, 20% down and how few people now qualify for mortgages. i offered $180k cash on a house in tampa with an asking price of $300k. the agents, seller and all involved told me i was insane. $140,200 was the final selling price on auction. $40 thousand dollars less than what i was told was an insane offer.
real estate prices the WORLD over are grossly inflated. what you buy today at asking price will leave you with 50% negative equity in a years time.

if you think i am talking crap i will give you the mls numbers along with the appraisers office address and the realtors $300k advert.

[Anonymous]

i am very annoyed. realtors and sellers get irrate with me when i offer 50% off offers. the reality is that what once went up like a rocket is coming down even faster. i cannot stress how overbloated the inventories are, how few people have the, what will soon be mandatory, 20% down and how few people now qualify for mortgages. i offered $180k cash on a house in tampa with an asking price of $300k. the agents, seller and all involved told me i was insane. $140,200 was the final selling price on auction. $40 thousand dollars less than what i was told was an insane offer.
real estate prices the WORLD over are grossly inflated. what you buy today at asking price will leave you with 50% negative equity in a years time.

if you think i am talking crap i will give you the mls numbers along with the appraisers office address and the realtors $300k advert.

[Raybyrnes]

I don’t know . Seemed like they just save you 40K. Overbidding by 28% might be considered insane.

[Raybyrnes]

I don’t know . Seemed like they just save you 40K. Overbidding by 28% might be considered insane.

[Raybyrnes]

I don’t know . Seemed like they just save you 40K. Overbidding by 28% might be considered insane.

[Author]

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