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Nothing Ventured....Nothing Gained....patricia4realestate.com-Portsmouth NH Real Estate-Hampton NH Real Estate

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Real Estate Agent with BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate

I'm working with buyers who think they can "low ball" the offer on a home they found.  I think the media is to blame for this as they continue to write articles about buyers getting great deals in this market.  The buyers market doesn't mean you can go for the jugular vein when you submit an offer.

There are other ways to get around this buy asking for closing costs for instance and offer a reasonable amount for the property. You can also as the seller to leave certain things like the washer and dryer, the upgraded refrigerator, or pay the condo fees for six months. I had a seller last winter that pre-paid the fuel oil for six months as an incentive.  With fuel oil being so expensive last winter prospective buyers liked this.

Think outside the box and you'll come out better in the end most of the time. You have nothing to lose by trying.

Do you agree   ..... Yes          Disagree....... No

Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Two thumbs up!  I think it is great to help buyers think outside the box!

May 21, 2009 01:56 PM
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Very frustrating. I now have a little chat up front about this. And I tell them we will do a buyers CMA when they find the house they want. I really don't like that at all. I did have a buyer that told me he read an article that said you should offer 25% less as a minimum, rule of thumb thing. I told him that was not true, and assured them that I would give him my best advice as to the price of the house. I also told them that if they really wanted a home they would have to ditch that attitude.They ditched, bought a house for a fair price and were very happy.

Great post!

May 21, 2009 02:33 PM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Hello Patricia. I agree that everything is up for negotiation but sometimes a very low ball offer can get things off to the wrong start and be insulting and the seller just doesn't want to deal with this. Emotion gets in the way of logic. A good agent keeps it all on course.

May 22, 2009 04:02 AM
Patricia Aulson
BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate - Exeter, NH
Realtor - Portsmouth NH Homes-Hampton NH Homes

Good Morning Joan,

Thank you for commenting on my blog today. You know I appreciate hearing from you.

Patricia/Portsmouth NH Real Estate

May 22, 2009 05:11 AM
Patricia Aulson
BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate - Exeter, NH
Realtor - Portsmouth NH Homes-Hampton NH Homes

Hello Andrea,

Great comment back, please know I appreciate hearing from you today.

Have a great weekend.

Patricia /Portsmouth NH Real Estate

May 22, 2009 05:12 AM
Patricia Aulson
BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate - Exeter, NH
Realtor - Portsmouth NH Homes-Hampton NH Homes

Yes, Gary I agree the negotiation has to start somewhere and sometimes a real low ball offer can get things started. Then there are those sellers that feel upset by it and let the emotion get in the way as you say..... Thank you as always for the input.

It's always good to hear from you.

Have a great Memorial Day weekend.

 

Patricia/Portsmouth NH Real Estate

May 22, 2009 05:13 AM