“Seller entertain offer between …..” how much do we have to care

[donaldduckmoore]

I heard that we are in the buyer’s market but I still see sellers use phrase like “seller entertains between whatever amount. Do we as a buyer still have to care about this phrase? What is the offer trend these days for properties like these?

[JWM in SD]

I don’t know what the trend is right now, but it should be below whatever that stated range is. Or, it can sit and rot on the market. Stupid sellers will learn the hard way. There are only 4 things I need to win in this situation:
Steady Job, cash, time, and good credit.

[JWM in SD]

I don’t know what the trend is right now, but it should be below whatever that stated range is. Or, it can sit and rot on the market. Stupid sellers will learn the hard way. There are only 4 things I need to win in this situation:
Steady Job, cash, time, and good credit.

[lniles]

I’ve been sending emails to the posters on craigslist trying to sell a house. I say “I will entertain you with offers between “. They usually don’t reply but I like to hope that I’m sending some kind of message.

[lniles]

I’ve been sending emails to the posters on craigslist trying to sell a house. I say “I will entertain you with offers between “. They usually don’t reply but I like to hope that I’m sending some kind of message.

[donaldduckmoore]

Thank you, guys. I want some opinions from the realtors too. What is the trend of buyers offering and what is the successful rate?

[donaldduckmoore]

Thank you, guys. I want some opinions from the realtors too. What is the trend of buyers offering and what is the successful rate?

[BuyerWillEPB]

I know your frustration.

That’s why I chose the screen name of BuyerWillEPB…

Short for Buyer Will Entertain Prices Below what you paid. 🙂

This is the new paradigm. It’s the only important phrase in today market.

Nobody cares what the sellers will “entertain.”

We don’t even need do talk to the sellers anyway. There is more than enough inventory of Foreclosures and REOs to supply ALL the demand for the next several years. We only need to care about how low the banks will go when they dump these REOs. (hint: It’s gonna be REAL low.)

[BuyerWillEPB]

I know your frustration.

That’s why I chose the screen name of BuyerWillEPB…

Short for Buyer Will Entertain Prices Below what you paid. 🙂

This is the new paradigm. It’s the only important phrase in today market.

Nobody cares what the sellers will “entertain.”

We don’t even need do talk to the sellers anyway. There is more than enough inventory of Foreclosures and REOs to supply ALL the demand for the next several years. We only need to care about how low the banks will go when they dump these REOs. (hint: It’s gonna be REAL low.)

[murf2222]

I’ve made 3 offers on properties in the last 2 years and they were all dismissed because my prices were borderline lowballs. Oh well, time is on my side I figured.

Last week I made yet another offer, albeit a verbal one directly to the listing agent. this time offered 650K for a house that had a “value-range” of 675K-749K. A pretty damn strong offer in MY opinion in light of the current market trend.

They countered back at 690K, which is 15K ABOVE a price that they CLAIM they would have “entertained”. I told the listing agent that I took their counter-offer as an insult to my intelligence. Why in THE hell would I pay one cent over the price that they supposedly are willing to take in this buyers market? The agent (Prudential btw) conceded that the seller was NEVER willing to take 675 and that they were wanting a price in the middle of the “range” all along.
I told this used-car salemen……er, I mean realtor, that the tactic is unethical if not illegal in my opinion.

I also let it be known that if the seller changed her mind at a later point and wants to accept my 650 offer, it’s not gonna be formally presented by the listing agent/used car whore, but rather by a different realtor who can at least PRETEND to be negotiating on my behalf in order to collect their $19,500 commission (3% for the selling agent ya know)

Gee…….. does my hatred salesman come on too strong? hehe

[murf2222]

I’ve made 3 offers on properties in the last 2 years and they were all dismissed because my prices were borderline lowballs. Oh well, time is on my side I figured.

Last week I made yet another offer, albeit a verbal one directly to the listing agent. this time offered 650K for a house that had a “value-range” of 675K-749K. A pretty damn strong offer in MY opinion in light of the current market trend.

They countered back at 690K, which is 15K ABOVE a price that they CLAIM they would have “entertained”. I told the listing agent that I took their counter-offer as an insult to my intelligence. Why in THE hell would I pay one cent over the price that they supposedly are willing to take in this buyers market? The agent (Prudential btw) conceded that the seller was NEVER willing to take 675 and that they were wanting a price in the middle of the “range” all along.
I told this used-car salemen……er, I mean realtor, that the tactic is unethical if not illegal in my opinion.

I also let it be known that if the seller changed her mind at a later point and wants to accept my 650 offer, it’s not gonna be formally presented by the listing agent/used car whore, but rather by a different realtor who can at least PRETEND to be negotiating on my behalf in order to collect their $19,500 commission (3% for the selling agent ya know)

Gee…….. does my hatred salesman come on too strong? hehe

[Alex_angel]

A friend of mine made on offer on a home in the hillcrest area. The house she wanted was listed from $675-725. She made an offer of $675. They told her no, they wanted near the top end. WTF!!! Why have the range then? I soon learned that they make these ranges so that if someone does a search for a home under $700k theirs will still pop up in the search but in reality they want over $700k. Anyways, she didn’t counter and walked away. A month later they came back and asked her if she still wanted it for $675. She then offered $650. They said they would take it but she decided not to and had a bad taste in her mouth on how poorly this transaction occured.

[Alex_angel]

A friend of mine made on offer on a home in the hillcrest area. The house she wanted was listed from $675-725. She made an offer of $675. They told her no, they wanted near the top end. WTF!!! Why have the range then? I soon learned that they make these ranges so that if someone does a search for a home under $700k theirs will still pop up in the search but in reality they want over $700k. Anyways, she didn’t counter and walked away. A month later they came back and asked her if she still wanted it for $675. She then offered $650. They said they would take it but she decided not to and had a bad taste in her mouth on how poorly this transaction occured.

[LookoutBelow]

WTF ?…..OFFERS ?…Can you be serious ?…..have you ever heard the phrase "Dont try to catch a falling knife".. ?

 

Who the hell is so hard up to OWN anything right now ?

Its anti-piggingtonian to think that way !…..People be serious here, your all too smart to fall for that " The Bottom is here" BS. 

There are some people who dont mind being the "Bigger fool than I"  savior for bad investors that were caught up in the emotional rage a few years ago….Im perfectly comfortable sitting here on the sidelines watching THEIR oxes get gored, ……NOT MINE

[LookoutBelow]

WTF ?…..OFFERS ?…Can you be serious ?…..have you ever heard the phrase "Dont try to catch a falling knife".. ?

 

Who the hell is so hard up to OWN anything right now ?

Its anti-piggingtonian to think that way !…..People be serious here, your all too smart to fall for that " The Bottom is here" BS. 

There are some people who dont mind being the "Bigger fool than I"  savior for bad investors that were caught up in the emotional rage a few years ago….Im perfectly comfortable sitting here on the sidelines watching THEIR oxes get gored, ……NOT MINE

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