IF YOU AREN’T AN INVESTOR, DON’T BID LIKE ONE

By
Real Estate Agent with Russell Real Estate Services
https://activerain.com/droplet/52dX

From the Desk of the Fairy Housemother   I am the Fairy Housemother

IF YOU AREN’T AN INVESTOR, DON'T BID LIKE ONE

When you make a decision to buy a house,…that you plan to make your Home,  you put a lot of thought and energy into finding just the right one. 

You invest time, getting a preapproval from your lender.  You invest time in visiting the homes in your price range.  You often make an investment of heart when it is your First Home or a place where your growing family can call Home.


Investors are not Emotional BuyersSo, when you find that Perfect Home, the one you can see yourself living in……please don’t bid like an investor.

Investors are not looking for fair market value; they are looking for a deal.  And if one house doesn’t work out, they’ll move on to another.  They are not looking for a “Home”, they are looking for a house…maybe to flip, maybe to use as a rental, but
The Perfect House there is little emotion attached.

If you find your Perfect house and it is priced right, listen to your Realtor and make a fair offer.  The days of stealing a nice house are over.

 

Do yourself a favor and skip the lowball, someone else may scoop that perfect house up while you are trying to come up with your next offer.

 

 

 

Posted by

 

Mary M. Kandell                                             
ABR, CNE                                               
Russell Real Estate

It Starts With the Heart 
       heart

 

6203 Milan Rd. Sandusky, OH   44870

 419-239-4140  Cell

 mary.kandell@gmail.com

 

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lowball offers
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stealing a house
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Rainmaker
908,388
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Excellent post. It's like one of my investors said to me recently, "I don't care what the home looks like because I'm not going to live there." Investors have very different perspective than an owner-occupied home buyer. 

Mar 18, 2014 02:16 AM #1
Rainer
51,155
Michele Webler -Farm and Ranch Specialist
Idaho Real Homes LLC - Rathdrum, ID
Serving North Idaho and E. Wa

So very true!  Listened to parents last night (that had rentals) telling there son how to lowball the house he was making an offer on.  My thoughts exactly its going to take us days to negotiate your purchase like that and you bet!  Kiss that house goodbye!  

Never understand that steal it attitude.  And there the ones that will be screaming the loudest when they go to sell and someone shows up with a low ball offer!

Mar 18, 2014 02:33 AM #2
Rainmaker
701,589
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

A well written post you are right; especially, in today's market at least in our market area if a buyer sees a home that is priced right and they love it they need to consider this when placing an offer. Thanks for sharing have a great afternoon.

Mar 18, 2014 02:35 AM #3
Ambassador
2,954,995
Anna Banana Kruchten Broker, CRB, CRS
HomeSmart International - Phoenix, AZ
602-380-4886

Mary excellent advice for normal buyers. Totally different strategy. Buyers will flat out loose out if they lowball certain price range homes here in the valley. Investors write a ton of offers hoping one of them sticks and if they don't - there is always tomorrow.

Mar 18, 2014 03:36 AM #4
Rainmaker
205,310
Mary M. Kandell
Russell Real Estate Services - Sandusky, OH

Pamela,  Most investors know the drill.  Just keep turning the offers and out and one of them will stick

Michele,  Sometimes our Buyers have to learn the hard way.  Mom and Dad don't always know best, but many of their grown children still seek their approval and wisdom.

Pat,  DOM are coming way down.  When a Buyer thinks they have found the right one, I always tell them, "Don't wait too long".  Some of them are starting to get it.  It is sunny and 41 today.  A wonderful afternoon, indeed.

Anna, I always love it when you comment on one of my posts.  No truer words were ever spoken.  Have a great afternoon

 

Mar 18, 2014 04:10 AM #5
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Mary M. Kandell

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