I've Found a Home But it is out of my Price Range

By
Real Estate Agent with Keller Williams Chervenic Realty

This typically happens when you don't see your dream home in your price range. You start looking just above your top price and presto there is a home you love. If you aren't too far above your top price there is one technique I use with my buyers. First discuss this with your realtor or me. Decide how high above your top price you can look without being too high to make a reasonable offer on a home. Then when you find your dream home, write the best offer you can. I usually present these offers to the selling agent starting off that my buyers love your home but it is a little more expensive than they can buy. I say we have written our best offer and here is a copy of the preapproval letter showing how much my buyers can pay. We are not trying to insult the seller as we love the home and we ask that the seller look at the offer and if he can approve this price we have a deal, if not, we appreciate that he took the time to look at our offer.

This technique has been very successful for me and my buyers. It doesn't always work as sometimes the sellers can not sell at that price, but usually everyone walks away feeling good about the offer.

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Rainmaker
3,304,783
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

We won't go there without asking the listing agent first...if you show above what the buyers can afford, the chances of them ever liking/buying what they CAN afford are not soooo good .

Sep 15, 2009 01:17 AM #1
Rainer
32,720
Susan Sawyer
Keller Williams Chervenic Realty - Hudson, OH
Real Estate Expert - Hudson Ohio

I never give my buyers homes above their price range, but they sure feel comfortable telling me that they want to look at homes above what they can afford. Usually, this doesn't happen unless we have exhausted all the homes in their price range. Today's buyer's tell me what they want to see. I always caution the buyers if they look at that price point, they may be disappointed as the seller may not be willing to come down to their price.

Sep 15, 2009 01:33 AM #2
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Rainer
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Susan Sawyer

Real Estate Expert - Hudson Ohio
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