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A Buyer's Agent's Responsibility to Help a Buyer Make a Good Offer
A Buyer's Agent's Responsibility to Help a Buyer Make a Good Offer The media has been reminding us that it has been a buyer's market for quite some time now.  This has portrayed the misconception that buyers should be submitting offers at least 20% below list price.  Although this is a great time to buy, submitting such low offers can cause buyers to pay more for the house in the long run.
 What can happen if you submit an extremely low offer?
 
 1. Sellers can simply say no without even a counter offer.  Sellers must counter offer when they receive an offer right?  Wrong, if your offer is too low to begin with they can simply deny your offer and end the lines of communication.
 
 

2. The seller may be offended by the offer.  Once this happens the transaction becomes more emotional and personal.  Selling a home is always personal, but once negative feelings arise sellers often let their feelings dictate their decisions rather than the facts and the bottom line.  
  

 
3. The seller may counter offer, but the amount of counter offers it may take for the buyer and seller to come to ... more

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