Suze Orman - That's my Girl!

Real Estate Sales Representative with Holly Realty

The May 2008 Newspaper Article "This housing cloud has a silver lining for some" by Suze Orman has sent some buyers on scavenger hunts.  Just recently someone came into my office because they had read her article and wanted to buy a house at half price.  I suggested to the perspective buyer that offering 50% less from the purchase price may not get the Seller on their side.  I explained that Seller's are looking to sell their homes, not have their homes become public charity.  In this current market, yes, Buyers do have the advantage, but they still need to be realistic with the proposal they give the Seller.  The buyer still needs to take into consideration recent comparable home sales and they have to take a good look at the property condition. Today's Sellers are not making profits like they did two years ago. Some Sellers walk out from a settlement with little to no money, while other Sellers end up having to pay their way out of a home.  Buyers the better way to negotiate on a house for sale is to ask for closing costs, required repairs, carpet allowance, or a home warranty. Keep it simple!

Comments (4)

Shaun Wren

I am finding that sellers close to forclosure are trying to take advantage of short sales and they are willing to sell for a little more than half just to get out of the property.

Jun 06, 2008 09:23 AM
The Brewer Team - Benchmark Realty
Benchmark Realty - Franklin, TN

Suze Orman doesn't live in the real world. She does whatever she can to sell her books, and get speaking engagements. I've never had any advice come out of her mouth that I would use.

Jun 06, 2008 09:26 AM
Doris Freeman
Zach Taylor Real Estate - Gallatin, TN
Broker/Agent, 615-961-7799

In our area we have not had that big slump so buyers are not seeing big discounts, in fact in some areas of Nashville, homes are up 4%.

Have A Great Day

Jun 06, 2008 09:28 AM
Dennis Swartz
Full Circle Property Management - Columbus, OH
MBA, GRI...experience counts!

Half price? That's paying way too much! I am surprised they haven't asked for free yet! Maybe you should pay me to buy it from you? Doesn't take long for the vultures to circle, does it?

Jun 06, 2008 09:30 AM