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SD Realtor.
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February 20, 2008 at 7:11 AM #156438February 20, 2008 at 7:11 AM #156514
Raybyrnes
ParticipantI don’t know . Seemed like they just save you 40K. Overbidding by 28% might be considered insane.
February 20, 2008 at 7:59 AM #156166WantToSell
ParticipantI am trying to sell my house in Carmel Valley for approx. $1.3M. I have had SEVEN offers all for the SAME EXACT price of $1.150M. I’ve countered all of them but have yet to work out a deal. I’ve asked the buyers where they come up with that number and there seems to be no logic behind it. There seems to be no reluctance to lowball and no difficulty finding a realtor to write up the offer. I have nightmares about that number now – it’s driving me crazy!!!
February 20, 2008 at 7:59 AM #156452ParticipantI am trying to sell my house in Carmel Valley for approx. $1.3M. I have had SEVEN offers all for the SAME EXACT price of $1.150M. I’ve countered all of them but have yet to work out a deal. I’ve asked the buyers where they come up with that number and there seems to be no logic behind it. There seems to be no reluctance to lowball and no difficulty finding a realtor to write up the offer. I have nightmares about that number now – it’s driving me crazy!!!
February 20, 2008 at 7:59 AM #156455ParticipantI am trying to sell my house in Carmel Valley for approx. $1.3M. I have had SEVEN offers all for the SAME EXACT price of $1.150M. I’ve countered all of them but have yet to work out a deal. I’ve asked the buyers where they come up with that number and there seems to be no logic behind it. There seems to be no reluctance to lowball and no difficulty finding a realtor to write up the offer. I have nightmares about that number now – it’s driving me crazy!!!
February 20, 2008 at 7:59 AM #156473ParticipantI am trying to sell my house in Carmel Valley for approx. $1.3M. I have had SEVEN offers all for the SAME EXACT price of $1.150M. I’ve countered all of them but have yet to work out a deal. I’ve asked the buyers where they come up with that number and there seems to be no logic behind it. There seems to be no reluctance to lowball and no difficulty finding a realtor to write up the offer. I have nightmares about that number now – it’s driving me crazy!!!
February 20, 2008 at 7:59 AM #156549ParticipantI am trying to sell my house in Carmel Valley for approx. $1.3M. I have had SEVEN offers all for the SAME EXACT price of $1.150M. I’ve countered all of them but have yet to work out a deal. I’ve asked the buyers where they come up with that number and there seems to be no logic behind it. There seems to be no reluctance to lowball and no difficulty finding a realtor to write up the offer. I have nightmares about that number now – it’s driving me crazy!!!
February 20, 2008 at 8:07 AM #156182SD Realtor
ParticipantWantToSell I am puzzled. If you have received 7 offers in a very poor market like this and those offers from a percentage standpoint are only about 11% below your asking price and you have been unable to work out a deal then your philosophy needs to be examined, not the buyers. The fact is that you should be quite happy you have received all this traffic and all these offers.
Your choices are simple. Buckle down and hope that you will get an offer that is higher and closer to your range. Or rethink your strategy and think about whether it is worth selling the home for less now.
Measure the time value of money for your situation. Include the cost of waiting which will be all your recurring costs, mtg, prop taxes, HOA, insurance, etc, verses getting those last few dollars.
Quite honestly the market will bear whatever it will bear for your home. If you look for logic behind it, (and I KNOW sellers logic) which includes, well this home down the street sold for this much so mine should sell for that much, then you are the one who needs to think about your strategy, not the buyers strategy.
Why in the world would you think otherwise in a down market? I don’t mean to be harsh but it is peculiar that in a bear market that we are in, you are confused as to why you are getting lowball offers.
SD Realtor
February 20, 2008 at 8:07 AM #156467ParticipantWantToSell I am puzzled. If you have received 7 offers in a very poor market like this and those offers from a percentage standpoint are only about 11% below your asking price and you have been unable to work out a deal then your philosophy needs to be examined, not the buyers. The fact is that you should be quite happy you have received all this traffic and all these offers.
Your choices are simple. Buckle down and hope that you will get an offer that is higher and closer to your range. Or rethink your strategy and think about whether it is worth selling the home for less now.
Measure the time value of money for your situation. Include the cost of waiting which will be all your recurring costs, mtg, prop taxes, HOA, insurance, etc, verses getting those last few dollars.
Quite honestly the market will bear whatever it will bear for your home. If you look for logic behind it, (and I KNOW sellers logic) which includes, well this home down the street sold for this much so mine should sell for that much, then you are the one who needs to think about your strategy, not the buyers strategy.
Why in the world would you think otherwise in a down market? I don’t mean to be harsh but it is peculiar that in a bear market that we are in, you are confused as to why you are getting lowball offers.
SD Realtor
February 20, 2008 at 8:07 AM #156470ParticipantWantToSell I am puzzled. If you have received 7 offers in a very poor market like this and those offers from a percentage standpoint are only about 11% below your asking price and you have been unable to work out a deal then your philosophy needs to be examined, not the buyers. The fact is that you should be quite happy you have received all this traffic and all these offers.
Your choices are simple. Buckle down and hope that you will get an offer that is higher and closer to your range. Or rethink your strategy and think about whether it is worth selling the home for less now.
Measure the time value of money for your situation. Include the cost of waiting which will be all your recurring costs, mtg, prop taxes, HOA, insurance, etc, verses getting those last few dollars.
Quite honestly the market will bear whatever it will bear for your home. If you look for logic behind it, (and I KNOW sellers logic) which includes, well this home down the street sold for this much so mine should sell for that much, then you are the one who needs to think about your strategy, not the buyers strategy.
Why in the world would you think otherwise in a down market? I don’t mean to be harsh but it is peculiar that in a bear market that we are in, you are confused as to why you are getting lowball offers.
SD Realtor
February 20, 2008 at 8:07 AM #156488ParticipantWantToSell I am puzzled. If you have received 7 offers in a very poor market like this and those offers from a percentage standpoint are only about 11% below your asking price and you have been unable to work out a deal then your philosophy needs to be examined, not the buyers. The fact is that you should be quite happy you have received all this traffic and all these offers.
Your choices are simple. Buckle down and hope that you will get an offer that is higher and closer to your range. Or rethink your strategy and think about whether it is worth selling the home for less now.
Measure the time value of money for your situation. Include the cost of waiting which will be all your recurring costs, mtg, prop taxes, HOA, insurance, etc, verses getting those last few dollars.
Quite honestly the market will bear whatever it will bear for your home. If you look for logic behind it, (and I KNOW sellers logic) which includes, well this home down the street sold for this much so mine should sell for that much, then you are the one who needs to think about your strategy, not the buyers strategy.
Why in the world would you think otherwise in a down market? I don’t mean to be harsh but it is peculiar that in a bear market that we are in, you are confused as to why you are getting lowball offers.
SD Realtor
February 20, 2008 at 8:07 AM #156564ParticipantWantToSell I am puzzled. If you have received 7 offers in a very poor market like this and those offers from a percentage standpoint are only about 11% below your asking price and you have been unable to work out a deal then your philosophy needs to be examined, not the buyers. The fact is that you should be quite happy you have received all this traffic and all these offers.
Your choices are simple. Buckle down and hope that you will get an offer that is higher and closer to your range. Or rethink your strategy and think about whether it is worth selling the home for less now.
Measure the time value of money for your situation. Include the cost of waiting which will be all your recurring costs, mtg, prop taxes, HOA, insurance, etc, verses getting those last few dollars.
Quite honestly the market will bear whatever it will bear for your home. If you look for logic behind it, (and I KNOW sellers logic) which includes, well this home down the street sold for this much so mine should sell for that much, then you are the one who needs to think about your strategy, not the buyers strategy.
Why in the world would you think otherwise in a down market? I don’t mean to be harsh but it is peculiar that in a bear market that we are in, you are confused as to why you are getting lowball offers.
SD Realtor
February 20, 2008 at 8:15 AM #156201ParticipantThe feedback I get from realtors and others is that the price is fair based on the comps and what is currently on the market. I would be more responsive to lowering my price if these low-ball buyers would offer an explanation of how they come up with this magic price. I think they are just pulling $1.150 out of the air. It seems like the realtors would make an effort to convince me why this price is reasonable besides saying “you know how market conditions are right?”. I haven’t had the house on the market very long and Carmel Valley seems to be holding up much better than the rest of San Diego. The inventory in my area is VERY low.
February 20, 2008 at 8:15 AM #156487ParticipantThe feedback I get from realtors and others is that the price is fair based on the comps and what is currently on the market. I would be more responsive to lowering my price if these low-ball buyers would offer an explanation of how they come up with this magic price. I think they are just pulling $1.150 out of the air. It seems like the realtors would make an effort to convince me why this price is reasonable besides saying “you know how market conditions are right?”. I haven’t had the house on the market very long and Carmel Valley seems to be holding up much better than the rest of San Diego. The inventory in my area is VERY low.
February 20, 2008 at 8:15 AM #156491ParticipantThe feedback I get from realtors and others is that the price is fair based on the comps and what is currently on the market. I would be more responsive to lowering my price if these low-ball buyers would offer an explanation of how they come up with this magic price. I think they are just pulling $1.150 out of the air. It seems like the realtors would make an effort to convince me why this price is reasonable besides saying “you know how market conditions are right?”. I haven’t had the house on the market very long and Carmel Valley seems to be holding up much better than the rest of San Diego. The inventory in my area is VERY low.
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