I'm a ready and serious buyer but I want to offer 10% BELOW list price on all bank owned properties

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Real Estate Agent with RMX REALTY

I'm a ready and serious buyer but I want to offer 10% BELOW list price on all bank owned properties

I'm a ready and serious buyer but I want to offer 10% BELOW list price on all bank owned properties

Dear loyal buyer,

 

With all due respect, there are times for bargains and those occurred during holiday sales at department stores. You may even get better than a 10% off. With a cut off coupon, you may be rewarded up to 50% off on some items. In certain situations, there are offers of buy 1 and get the 2nd FREE (I got 2 pairs of shoes just like this the past holiday season)! I'm here to help you get those same deals. However, there seemed to be a problem here. We are not purchasing trinkets or knick knacks albeit they may be up to $200 worth. To be clear, I'm looking out for your best interest.

What you're purchasing here is something you cannot wear. This is probably one of the largest investment you'll ever make in your lifetime. Bargain hunting is great but there are times that it's not going to work out taking this approach. Common sense dictates that when something is frequently already underpriced (ie bank owned properties) it would be difficult for your offer to be accepted if you attempt to low ball every offers. Frankly, this is not going to work ... and remember I'm here to look out for your best interest.

If market values in the area are selling at or above the list price, you cannot expect to procure an acceptance on your low ball offers. If what you state is true that you are ready, willing, and able to make a purchase, please take heed and listen to my advice. Nobody wants to overpay and that is human nature. I am here to offer a strategy and common sense to assist you in this matter. If what you want is to your liking, it is best to offer your highest and best offer. Because if you wait, the high offer you submit 1 month from now may not work and you may be chasing the market. Nice shoes but no cigars.

 

Sincerely,

 

Your Loyal Homefinder

 

 

 

*********************************************************************************************

For FORECLOSURE Prevention & all your Real Estate Services,

Contact: 

 

DAVID DEE
(626) 203-5676
 

"Client 1st. That's the David Dee Guarantee."

Specializing in: (SAN GABRIEL VALLEY) San Gabriel, Rosemead, Alhambra, Monterey Park, Arcadia, Temple City, El Monte, Hacienda Heights, Rowland Heights, Walnut, West Covina and

(N. ORANGE COUNTY) Anaheim, Buena Park, Westminster, Garden Grove, Fountain Valley and other surrounding areas.                                                                  

Copyright © 2010 by DAVID DEE. All Rights Reserved. "I'm a ready and serious buyer but I want to offer 10% below list price on all bank owned properties"

 

 

 

 

 

 

 

 

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Rainmaker
851,502
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I want to have buyers that are not first time buyers or seminar buyers that do not understand the market.  The ones who know the least are the ones that want to tell the expert how it really works.

May 25, 2010 06:51 PM #1
Ambassador
1,202,980
Ralph Gorgoglione
Maui Life Homes / Metro Life Homes - Kihei, HI
Hawaii and California Real Estate (310) 497-9407

You tell 'em!

It's not like we're haggling over the price of a turnip off the farmer's cart or something.

 

May 25, 2010 07:07 PM #2
Rainmaker
303,933
Michael J. O'Connor
Diamond Ridge Realty - Corona, CA
Eastvale - 951-847-4883

In my area the prices are already a 50% discount.  Ready & serious buyers here are paying the discounted price and overbidding to be sure that they are the lucky winner of the battle for the homes.

May 25, 2010 07:10 PM #3
Rainer
147,902
Don Spera
CR Property Group, LLC - East York, PA
Serving York and Adams County, PA

With more and more loss mitigation companies popping up, they are already discounting these properties substantially, have investors waiting in the wings to make an offer immediately, which seems somewhat unfair to John Q. Public.  The companies at closing also get a fee from the buyer which varies.  I've seen as much as $4,000 on some listings.

May 25, 2010 08:18 PM #4
Rainmaker
514,331
Tom Priester
Paradise Sharks - Jupiter, FL
Paradise Sharks
David, buyers have to be realistic in this market and each REO has to be taken on it's own merits and it is our job to inform the buyer of how we feel the market will respond to the list price. I see most in our area priced below market value hoping for multiple offers. Others are high and sit before the bank lowers the price.
May 25, 2010 09:31 PM #5
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Rainmaker
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David Dee

Real Estate - San Gabriel Valley (L.A.) & N. Orang
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