Write Your Best Offer - NOW is a GREAT time to BUY!

By
Real Estate Agent with Fathom Realty Group License# 01336994

I was holding an open house yesterday on one of my listings that just had a price reduction.  On the open house sign I had a card, in red, that said "New Price".

A woman came through the open house and asked me what the price was.  I asked her to have a look around and tell me what she thought it should be.  Her response was, "So is this one of those situations when you just make your best offer?"

I thought to myself, "Isn't that always the case?  Every single person that has their house on the market wants to see your best offer."  Regardless of the market.  Sellers want to see offers.  All of them.

I have clients that want me to let them know when there is a price reduction on a certain property, which I am happy to do.  But I ask, "Why would you wait for a price reduction?  Why don't you just write an offer for what it is worth to you?"  Sellers want to see offers.

If you are interested in a property, don't wait for a price reduction.  Someone else usually writes an offer and you miss out.

There are only 3 things that can happen if you write an offer:

  • it will get accepted
  • it will get rejected
  • it will get countered

Particularly in a slow market like this, sellers will not be offended by an offer.  They will be grateful to have an offer to work with.  Sellers want to see offers.

If you have a down payment and good credit, now is a great time to buy and negotiate yourself a good deal.

Feel free to contact me if you have questions or want more informaton.

 

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Rainer
55,016
Nicole Kraus
Signature Realty Associates - Dover, FL
Excellent point, great blog!
Sep 17, 2007 04:23 AM #1
Rainer
120,994
Ronald Gillis
Southwest Florida Notaries (Mortgage Notary Signing Agent) - Port Charlotte, FL
CNSA Southwest Florida. Notaries, Port Charlotte, 941-7-NOTARY

It certainly is a GREAT time to buy if you have the money and or credit.  People are funny sometimes!!

Thank you Sharon very much for your help, from Southwest Florida Notaries

Sep 17, 2007 05:57 PM #2
Rainer
13,145
Gregory Corbett
Resource Mortgage - Virginia Beach, VA
Resource Bank
good point. great blog
Sep 18, 2007 05:32 AM #3
Rainer
103,309
Armando Rodriguez
QUEST REALTY SERVICES - Orlando, FL
Orlando Homes 4 Sale, Real Estate Broker-GRI

Great post - thank you for sharing it with the Active Rain community.

Keep'em coming!

Sep 19, 2007 01:56 AM #4
Rainmaker
30,003
Kendall E. Matthews
Keller Williams Realty - Mesa, AZ
This is sound advice.  Thank you for a worthwhile contribution
Sep 19, 2007 02:17 AM #5
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Rainmaker
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Kelley Eling

Realtor Extraordinaire
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