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Be Thankful For A Low Ball Offer

By Margaret Rome Baltimore 410-530-2400

Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

March 05, 2015 02:59 AM

Are you kidding? I should be insulted.

Our Baltimore market is moving but it is not red hot. We are not receiving multiple contracts over list price.

When an offer comes in, be thankful.

You might consider all the others, who saw your house and did NOT make an offer, were more insulting.

Like Liz and Bill stated,

I'm glad they wrote on another house.

It is very important how we present news to our sellers.

When an offer comes in that is below the asking price, do not think of this as an insult. Think of all the other buyer's agents who showed the house and made no offer. They were insults.

The buyer's agent did their job... took the time to fill out a 42 page contract, get an approval letter, figure out inspections and settlement dates and put up an earnest money deposit.

Work with it, accept it, counter it or reject it ...but always

Be Thankful For A Low Ball Offer

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Greg Riley

Prudential AllStar Realtors - Rio Rancho, NM

e-PRO,RECS, Rio Rancho Real Estate

Often they come together it's just an attempt to Steal the property if the buyer is mentally Invested I have seen 50K counter's accepted! My belief is never let a deal Die on my Side of the Transaction! Let the other Party Kill it!

Mar 08, 2015 12:18 AM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

HomeRome Realty 410-530-2400 - Pikesville, MD

Sell Your Home With Margaret Rome

Greg Riley I like the way you think! Let the other party be responsible!

Mar 08, 2015 12:20 AM

Anonymous

Greg Riley

Margaret Rome I actually Tuesday Countered back Fannie Mae at the original offer I had made as my Buyer wouldnt go any higher and on Friday Fannie Mae accepted! So thats one more deal this year that I otherwise would not have had! Actually tow as I get to sell it again after we remodel it! Thats what I mean about never killen the deal on my side of the fence! le the other party be the reason it craters!

Mar 08, 2015 12:38 AM

#116

Margaret Rome Baltimore 410-530-2400

HomeRome Realty 410-530-2400 - Pikesville, MD

Sell Your Home With Margaret Rome

Greg Riley Congratulations on one more sale for you and your buyer. I do understand and still like the way you think.

Mar 08, 2015 08:12 AM

Dorte Engel

RE/MAX Leading Edge - Bowie, MD

ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Margaret,

Better to have a starting point, than nothing to negotiate at all.

Mar 08, 2015 12:37 PM

Shanna Hall

Real Estate Solutions - Kirkwood, MO

I love selling houses!!!St. Louis, MO 314-703-1311

You make an excellent point Margaret Rome, Baltimore Maryland - a low ball interest is better no interest- I have never looked at it that way- I will that from now on when discussing low offers- either making them or receiving them!

Mar 08, 2015 11:48 PM

Margaret Rome Baltimore 410-530-2400

HomeRome Realty 410-530-2400 - Pikesville, MD

Sell Your Home With Margaret Rome

@dorte, We need a starting point.

Shanna Hall It is all the lookers who have NOT made an offer that are insulting.

Mar 09, 2015 12:37 AM

Beth and Richard Witt

New York, NY

The best Retired Brokers !!!!

What hit me in your post was that 42 page contract... Yikes... So glad we don't have that in NY...

Mar 09, 2015 01:44 AM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

HomeRome Realty 410-530-2400 - Pikesville, MD

Sell Your Home With Margaret Rome

Richard & Beth Witt You have attorneys to deal with. We have 42 page contracts.

Mar 09, 2015 02:44 AM

Keji Ogunleye

Fairfax Realty, Inc - Greenbelt, MD

GRI, SFR, KejiYour Realtor

Yes any offer is better than nothing. Just work through instead of taking it as an insult. The funny thing about real estate is many times once you get an offer, probably will be getting another .

Mar 09, 2015 06:04 AM

Margaret Rome Baltimor...

Pikesville, MD

Daniel Seider

BTRE Big Trees Real Estate - Arnold, CA

I always encourage my sellers to address any offer to see if it can workout. It just might be the best and only offer. I have seen it happen many times

Mar 10, 2015 01:03 AM

Margaret Rome Baltimor...

Pikesville, MD

Rob Brannigan

Baird & Warner - Downers Grove, IL

If you're the seller and you get a low ball offer, rather than be insulted just counter back at full price. Let's them know you saw their offer but they're going to have to do bettter to merit a real response.

Mar 10, 2015 08:03 AM

Margaret Rome Baltimor...

Pikesville, MD

Debra Peters

Referral Realty - Manorville, NY

NY Real Estate Salesperson

I've always said, a low offer is better than no offer. At least there's a place to start negotiations.

Mar 10, 2015 09:12 PM

Margaret Rome Baltimor...

Pikesville, MD

Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

Big Block Realty 858.232.8722 - La Jolla, CA

CEO of Vision Drive Realty - Coastal San Diego

Any offer is a chance to start dialogue & negotiating. I thank all agents for their offer and make no comments. I let my seller's counter be our response. Buyers take their shots a t a deal, that's buyers being buyers.

Mar 10, 2015 11:23 PM

Margaret Rome Baltimor...

Pikesville, MD

Inna Ivchenko

Barcode Properties - Encino, CA

Realtor® • GRI • HAFA • PSC Calabasas CA

I present all offers no matter what. If we have better offers, yes, the low ball offers will be most likely ignored by Seller. Yet, if there is nothing better, we must try to make it work.

Mar 11, 2015 03:00 AM

Margaret Rome Baltimor...

Pikesville, MD

Elyse Berman, PA

LoKation Real Estate - Boca Raton, FL

Boca Raton FL (561) 716-7824

Excellent point Margaret Rome, Baltimore Maryland . It's always a starting point. There is no reason to just reject it. It's always best to counter.

Mar 11, 2015 03:26 AM

Margaret Rome Baltimor...

Pikesville, MD

Deleted Account

Fort Myers, FL

Great post and it got me to thinking, the only offer that is guaranteed to not be accepted it the one that isn't written.

Mar 11, 2015 08:47 AM

Margaret Rome Baltimor...

Pikesville, MD

The Julie Morales Team

RE/MAX Cinco Ranch - Katy, TX

Real Estate Questions? Call (832) 367-3412

Very true!

Mar 12, 2015 03:53 AM

Margaret Rome Baltimor...

Pikesville, MD

Winston Heverly

Coldwell Banker Access Realty - South Macon, GA

GRI, ABR, SFR, CDPE, CIAS, PA

What a great read I came across today, keep them coming for the active Rainers.

Mar 15, 2015 12:21 PM

Margaret Rome Baltimor...

Pikesville, MD

LUXURYSOCALREALTY COMPASS La Jolla

Compass - La Jolla, CA

San Diego Partner - The Private Client Network

Margaret Rome, Baltimore Maryland I'm always thankful for any offer. I can't tell you how many times I've leveraged a "so so to poor" offer in a multiple counter situation.

Dec 26, 2015 12:35 PM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Joy Bender The negotiations must start somewhere...even low. Thanks for stopping by.

Dec 26, 2015 12:37 PM

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