Low Balling In A Seller's Market? Really?

By
Real Estate Agent with Allison James Estates & Homes 01079287
This last August something changed around town.  Suddenly almost in the blink of an eye, sales started to rise, supply dried up and I don't mean just a little suddenly we are back in, multiple offers situation. Boom, the beginning of the 2012 National run on Real Estate.

 I think it is important to always forward national and local market updates and trends to my buyers in a way to keep them educated to the current market so they make intelligent offers in order to expedite a favorable response to their offers, and if the buyer still insist on "Low Balling" usually after signing and printing, faxing 5-8 offers, they start to get the picture. You hope........

So my words of wisdom to all you wanna be Home Owners, PLAY HARD OR GO HOMELESS!!!! Houses here are still selling for less than what they sold for in the peak. As a bedroom community for Orange County and San Diego home values are still very reasonable.

 Please tell me Mr. Buyer how many years will you be in that same home, thirty years? So how much of a difference will paying a few thousand dollars over list price cost you? For my commission it's chump change, pennies but to you... it's not getting that house you know who is madly in Love with in the perfect neighborhood with excellent schools and a safe family community?

The distressed dirty homes for sale, are now being out numbered by more equity sales that have been maintained or flippers turn key homes.  Step up, wipe your tears and put your big people pants on, read my lips no more Low Ball Offers they don't fly!!!!!!!!!!! Deal with it!!!

 

 

 
Tere Rice Realtor*
Certified Short Sale Negotiator Equator, ePro, SFR,
Buyers Agent, NAR, SCAR, SDAR, NAHREP, AREAA
Ca. DRE #01079287 since 1988
cell 951-693-0093
fx   951-271-9099
 
 

 

 

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Realtor simple guideline to guesstimate a Homes values! Comparing apples with oranges? How to set values for embellishments? Do you think the old adage of Value equals Location, Location, Location, is true? Views, Pools, special interest additions can add desirability, and then Granite Counters, Travertine flooring, condition, square footage and any embellishments, upgrades, updates you can add to a property is worth 60-70% of the cost. This value will also be depreciated over time. Example would you consider if a twenty year old solid oak cabinette's
value even in good condition is equal in value to cabinets in the newer current color, or are they? Objective would be desirability.

Location is the basis for value. Like Homes within a one mile radius share values, and can be evaluated by sales per square foot within the last 3+ months. Pulses

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Rainmaker
743,327
Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836
Here in central Florida - Greater Metro Orlando - buyers are recognizing there has been a change. No longer do we hear buyers say: I AM LOOKING FOR A GREAT DEAL!!! Inventory is low and sellers are not reducing the list price. In fact, sellers are not even accepting a listing price offer; instead, sellers are raising the listing price.
Apr 16, 2013 07:29 PM #1
Rainmaker
838,132
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Tere, sounds like your market is on fire.  Unlike Jane, we are just 1 hour North of her and still are in a buyer's market.

Apr 16, 2013 08:08 PM #2
Rainmaker
383,320
John F Muscarella
RIVER FARM PROPERTIES, LLC - Venice, FL
Broker/Owner, Venice, FL, Florida's Suncoast

Ha, I enjoyed this post Tere.  We are dealing with multiple offers and bidding wars what with a lack of inventory.  SO my message to my clients is the same.

Apr 16, 2013 09:11 PM #3
Rainer
384,831
Sidney Kutchuk
Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745 - Temecula, CA
Property Management & Sales Experts 951-217-6745

Tere,

We truly have a snooze you lose market. Buyers must play hard and have a great agent working for them.

Apr 19, 2013 09:40 AM #4
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Rainmaker
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Tere Rice

First Time Home Buyers, VA Buyers, Horse Ranches,
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