Low-ball Offers

[WantToSell]

The 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.

[WantToSell]

The 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.

[sdrealtor]

Turnabout is fair play. Where did your number come from? Did you pull it outta thin air? Apparently they dont need to convince you but rather YOU need to convince them!

The only thing that matters in a declining market is what has closed in the last 30 (atmost 60 days). Everything else is just noise. You should look at your price carefully. Perhaps lowering your price by $50,000 will send a message to all those buyers that you are willing to negotiate a bit but that $1.15M is too low. You may also attract a new class of buyers at a slightly lower price. If you ealtor is discussing strategies like this with you, then you might not have hired the right one.

This is not a bad market. Its a great market for sellers that have nice homes, prepare them properly, market them properly and price them properly.

[sdrealtor]

Turnabout is fair play. Where did your number come from? Did you pull it outta thin air? Apparently they dont need to convince you but rather YOU need to convince them!

The only thing that matters in a declining market is what has closed in the last 30 (atmost 60 days). Everything else is just noise. You should look at your price carefully. Perhaps lowering your price by $50,000 will send a message to all those buyers that you are willing to negotiate a bit but that $1.15M is too low. You may also attract a new class of buyers at a slightly lower price. If you ealtor is discussing strategies like this with you, then you might not have hired the right one.

This is not a bad market. Its a great market for sellers that have nice homes, prepare them properly, market them properly and price them properly.

[sdrealtor]

Turnabout is fair play. Where did your number come from? Did you pull it outta thin air? Apparently they dont need to convince you but rather YOU need to convince them!

The only thing that matters in a declining market is what has closed in the last 30 (atmost 60 days). Everything else is just noise. You should look at your price carefully. Perhaps lowering your price by $50,000 will send a message to all those buyers that you are willing to negotiate a bit but that $1.15M is too low. You may also attract a new class of buyers at a slightly lower price. If you ealtor is discussing strategies like this with you, then you might not have hired the right one.

This is not a bad market. Its a great market for sellers that have nice homes, prepare them properly, market them properly and price them properly.

[sdrealtor]

Turnabout is fair play. Where did your number come from? Did you pull it outta thin air? Apparently they dont need to convince you but rather YOU need to convince them!

The only thing that matters in a declining market is what has closed in the last 30 (atmost 60 days). Everything else is just noise. You should look at your price carefully. Perhaps lowering your price by $50,000 will send a message to all those buyers that you are willing to negotiate a bit but that $1.15M is too low. You may also attract a new class of buyers at a slightly lower price. If you ealtor is discussing strategies like this with you, then you might not have hired the right one.

This is not a bad market. Its a great market for sellers that have nice homes, prepare them properly, market them properly and price them properly.

[sdrealtor]

Turnabout is fair play. Where did your number come from? Did you pull it outta thin air? Apparently they dont need to convince you but rather YOU need to convince them!

The only thing that matters in a declining market is what has closed in the last 30 (atmost 60 days). Everything else is just noise. You should look at your price carefully. Perhaps lowering your price by $50,000 will send a message to all those buyers that you are willing to negotiate a bit but that $1.15M is too low. You may also attract a new class of buyers at a slightly lower price. If you ealtor is discussing strategies like this with you, then you might not have hired the right one.

This is not a bad market. Its a great market for sellers that have nice homes, prepare them properly, market them properly and price them properly.

[CavalierLion]

You have to think that with 7 offers all at the same price, the buyers know what they are talking about. That is, the true market value of the house is really $1.150, and you are looking at outdated comps (and probably ignoring the comps that don’t fit your mindset (e.g., the REO/Foreclosure comps and instead relying on comps more than 3 months old).

[CavalierLion]

You have to think that with 7 offers all at the same price, the buyers know what they are talking about. That is, the true market value of the house is really $1.150, and you are looking at outdated comps (and probably ignoring the comps that don’t fit your mindset (e.g., the REO/Foreclosure comps and instead relying on comps more than 3 months old).

[CavalierLion]

You have to think that with 7 offers all at the same price, the buyers know what they are talking about. That is, the true market value of the house is really $1.150, and you are looking at outdated comps (and probably ignoring the comps that don’t fit your mindset (e.g., the REO/Foreclosure comps and instead relying on comps more than 3 months old).

[CavalierLion]

You have to think that with 7 offers all at the same price, the buyers know what they are talking about. That is, the true market value of the house is really $1.150, and you are looking at outdated comps (and probably ignoring the comps that don’t fit your mindset (e.g., the REO/Foreclosure comps and instead relying on comps more than 3 months old).

[CavalierLion]

You have to think that with 7 offers all at the same price, the buyers know what they are talking about. That is, the true market value of the house is really $1.150, and you are looking at outdated comps (and probably ignoring the comps that don’t fit your mindset (e.g., the REO/Foreclosure comps and instead relying on comps more than 3 months old).

[WantToSell]

All the comps I have are less than 2 months old. I think there are just a bunch of egocentric low ball buyers who think they have all the power. There are no REO/Foreclosures that are remotely comparable. I present the logic to buyer agent’s about my pricing and they have no argument against it. My price is actually about $50K below the comps.

[WantToSell]

All the comps I have are less than 2 months old. I think there are just a bunch of egocentric low ball buyers who think they have all the power. There are no REO/Foreclosures that are remotely comparable. I present the logic to buyer agent’s about my pricing and they have no argument against it. My price is actually about $50K below the comps.

[WantToSell]

All the comps I have are less than 2 months old. I think there are just a bunch of egocentric low ball buyers who think they have all the power. There are no REO/Foreclosures that are remotely comparable. I present the logic to buyer agent’s about my pricing and they have no argument against it. My price is actually about $50K below the comps.

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