Be Thankful For A Low Ball Offer

Reblogger Cheryl Ritchie
Real Estate Agent with RE/MAX Leading Edge www.GoldenResults.com 71785

What a succinct way to describe this concept. There is no insult in a lower than expected offer. Lots of time and preparation goes into preparing an offer. Lots. An entire day can be allocated to the process as a Buyer's Agent. Supply and Demand comes into play, too. Each offer needs consideration even if the answer is NO. Sometimes the answer is in between. You never know. 

Original content by Margaret Rome, Baltimore Maryland 311291

Be Thankful For A Low Ball Offer

 

 Are you kidding? I should be insulted.

 

Low ball offer

 

Our Baltimore market is moving but it is not red hot. We  are  not receiving multiple contracts over list price.

 

When an offer comes in, be thankful.

 You  might consider all the others,  who saw your  house and did NOT make an offer, were more  insulting.

Like Liz and Bill stated,

I'm glad they wrote on another house.

It is very important how we present news to our sellers.

When an offer comes in that is below the asking price, do not think of this as an insult. Think of all the other buyer's agents who showed the house and made no offer. They were insults.

The buyer's agent did their job... took the time to fill out a 42 page contract, get an approval letter, figure out inspections and settlement dates and put up an earnest money deposit. 

 

Work with it, accept it, counter it or reject it ...but always

 

 Be Thankful For A Low Ball Offer

 

Margaret Rome 410-530-2400

 Search All Active Listings

 

Sell Your Home With Margaret Rome

Broker-Owner HomeRome Realty 

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Author of Real Estate the Rome Way

mrome@HomeRome.com

410.530.2400

Margaret Rome on Zillow

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Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

It does take a time and planning to prepare an offer. It needs to be treated with respect. Sales don't happen without buyer's agents!

Thanks for the reblog!

Mar 05, 2015 10:12 AM #1
Rainmaker
3,975,208
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

A low ball offer is attached to live people.  May of those will come up in price if they really want the home.

Mar 05, 2015 10:19 AM #2
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William Johnson
RE/MAX Associates - La Jolla, CA
San Diego Real Estate Voice, GRI CRS e-Pro CDPE

Hi Cheryl, I agree and a very good re-blog. The first question most agents ask is, " are there any offers?" Even a lowball offer allows the answer to be Yes. Having a previous offer that din't work is way more a desireable condition than no offers.

Mar 05, 2015 11:13 AM #3
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

42 pages? Wow. How many forms are there.

Our CA RPA + Agency are only 10 pages( without advisories)+ POF+ PQ. We usually don't require more than that for the initial offer.

Mar 05, 2015 03:57 PM #4
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Cheryl Ritchie

Southern Maryland 301-980-7566
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