-
Quick Tour
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.- Explore the world's largest storehouse of real estate knowledge
- Access free training on ActiveRain University
- Share the experience of life in the real estate industry
- Grow your business through real estate blogging
- Blogs
-
Resources
Product Reviews Curious as to what others in your profession think about a certain product or tool? AR's community takes the time to leave honest and transparent reviews of their experiences so you can be a bit wiser about your purchase.
- Broken down by categories and subcategories for easy finds
- Get an unfiltered look at what real users are saying
- Leave a review yourself for others to benefit from
- Add new products as you use them and gain points for doing so
|
The BELOW than “normal” interest rates to date have made history. THAT IS A FACT. 
;)
;)
;)
Find HI real estate agents and Mililani real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2013 ActiveRain Corp. All Rights Reserved
17 Comments on Killer Negotiating in a SELLER’S Market?????
Sally, We all know there are some buyers who just have to lose the perfect house before they "get it" and take the agent's advice. Not a time to be making a lowball offer if it is the RIGHT house!
Margaret
Good advice, no really, it is the BEST advice. Make your best offer or lose it.
Sally, I like the way you wrote this post. Hope all is well in Hawaii.
....and it sounds like common sense to me, too, Sally. Like yours, our market is not one to try to 'get a deal.'
Margaret: They sure do... sad they waste all that time and keep losing the house they really love.
Hi Mary! All is well... That's the bottom line...if you really love the house...make your best offer.
Lottie: It really isn't the time to play let's make a deal...it IS a seller's market...and they can choose who they like.
I just posted something yesterday I think that talked of the changing times. I talked about school starting but ended up saying the same thing about real estate - more or less! Have a great week, Sally!
One would hope that the agents working with the buyers would be able to show the data and eductate them. However, some people just listen to NATIONAL real estate news and think it applies to their local market. That is just plain wrong.
HI Sally..... now we need to re-educate buyers and they need to understand that once again the market has changed and it's no longer a free for all for buyers....it's a seller's market now....
Gary: And...that is why 'WE' as REALTORS....are like chameleons...we change...with the changing times...good story you have!
Kathryn: There are some people who are just adamant about having control over the negotiation process. That's ok though. If they keep losing the homes they really like then they may just start listening and really looking at the facts (comps) If not, they'll get discouraged and most likely will go rent...and keep paying someone else's mortgage.
Sally, Too bad some have to experience loosing out before accepting the marketplace as it is, and not as they would like it to be.
Sally:
Good article. I do not sell but a few houses during the year, as my sales are primarily commercial. Your same advice applies to commercial transactions as well.
Bob Usey Properties
Mississippi Gulf Coast
Web Site: BOBUSEY.COM
I'm having this conversation more and more here. It really is the best advice we can give our buyers. Well said, Sally!
Sally - There are two kinds of inventory - the homes that everyone wants and the homes that no one wants. If a buyer wants a desirable home, then they need to offer the value that the current market has set on it or risk losing it to another buyer. I think buyers get fooled by all the stale inventory that's been on the market for many months (or years, in some cases).
Buyers need to get it into their head that in this market they need to come up with a great offer from the start or they are NOT going to get the home!
Sally, 3-4 months supply of homes translates to a sellers market. I was a little worried about where you were headed in your first paragraph, but you finished it nicely. This is NOT the time for low ball offers...of course, every market is different, but overall buyer markets and low ball offers are quickly going away.
This exactly the way it is here in Southeast Florida. Same thing. It's amazing.
Sally ... It's true that buyers find a home they like in this challenging market they should get involved and make a purchase offer as soon as possible. Otherwise, they will miss every shot they don't take.
Thanks for your post, Sally. This is the way I try to set my Buyers straight on the negotiating:
Would you rather pay a little more and get the house you want or keep looking?
I like what Gail had to say. The homes that are appealing and priced right will sell through quickly leaving the less-desirable ones on the market for a long tiime.
Login or register to leave a comment