low offers: "Responding to Low Offers" - Seller Strategies in Kitsap County WA - 06/04/09 06:47 PM
A while back, I published an article on my local real estate blog, SOUNDBITEBLOG, entitled "The Art of Offering Less." It ended up becoming a 3-part series catered towards a Buyers perspective and provided some practical guidance/advice on how to draft offers that were less than the listing price.
In the 1st article we identified the market dynamics that tend to encourage or breed low offers.
In the 2nd article, we shared various strategies for Buyers to achieve success with low offers.
In the 3rd and final part, we discussed the risks that are inherent with making low offers.
Just recently, … (14 comments)
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low offers: "The Art of Offering Less, Part 2" - Advice for Buyers in Kitsap County WA - 04/28/09 01:20 AM
In our last episode, Bill and Betty Buyer were sitting down with their trusty Agent, Realtor Ron, to draft an offer on their dream home. They had spent the past 3 weekends touring dozens of potential properties, when they finally found just the perfect place!
When it came time to discuss the offer price, Bill proudly asserted, “We’re going to offer them $50K below the Listing price, and ask them to pay closing costs too!”
Pulling his jaw off the floor, Realtor Ron looked down on the MLS data-sheet for the subject property.
“Their home has only been on the market … (16 comments)
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low offers: "How do You respond to a Low Offer?" Advice for Sellers on the Kitsap Peninsula WA - 08/23/07 10:20 PM
Okay, so it sounds like a loaded question, right? As a Seller, how do you respond to a low offer?
Why, with an outburst of laughter, of course, how else?
Well, think again. In today's slowing market, as it is here on the Kitsap Peninsula in Washington State, with more and more houses listed for sale, competing for the same diminishing pool of Buyers, now is a good time for Sellers to re-think their strategy for responding to low offers.
To read more about these practical strategies, click through to SOUNDBITEBLOG (opens up into a separate window for ease of viewing)
Another fun, yet helpful article by Sparky
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low offers: The Secret of Offering Less - 07/24/07 05:43 PM
I don't know about you, but in our area, the housing market has been cooling off. Inventories are up, prices are coming down. Basic Supply and Demand 101, right?
Well, as is typical in such market conditions, we find that Buyers tend to drag their feet. They become increasingly more bold and brazen. Since price reductions are more commonplace, many Sellers are desperate to sell. Buyers naturally are only too happy to accomodate them with an equally desperate offer.
As a Buyer, how can you increase the chances of having greater success in submitting a lower offer? What is the Secret to Offering Less?
To find out the answer, … (10 comments)
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