Why Do So Many Investors Ask The Same Stupid Question?

By
Real Estate Agent with 410-935-5844 Office 634480

Why Do So Many Investors Ask The Same Stupid Question?

"How low of a price will the owner take?"

Many of them ask this question before they even look at the property.

They ask the question before they ask anything about the property.

They will ask the question even when they do not know where the property is located.

They will ask the question before they have done any research on prices in the particular area.

In other words, they start to negotiate from a standpoint of complete ignorance.

Let's see, the property is priced at $200,000.  The owner will consider an offer of $250,000.

Huh? But the asking price is only $200,000.

Right!  I can be just as stupid as you.

Many sellers are willing to negotiate on price, but answering a ridiculous question like this at this early point in the process would be absurd.

 

Comments (5)

Karen Krzniak
Zenith Realty - Towson, MD

Ron,

Many investors learn from the same investor trainers.  One thing they say is: "If you are not embarrassed by your offer, then it is not low enough."

Nov 03, 2023 12:30 PM
Kathryn Sparks
Zenith Realty - Baltimore, MD

Ron,

They realize that it is a stupid question when you turn the question around and ask them how high they are willing to go.

Nov 03, 2023 12:34 PM
Dennis Neal
RE/MAX, Big Bear - Big Bear Lake, CA
Your Home Sold in 21 Days or We Sell It For Free

Investors can be a good source of business or give you lots of practice screening for a serious client.

Nov 03, 2023 04:47 PM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

It's not just investors that ask this question!

Nov 04, 2023 05:14 AM
Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Ron, your candid take on the frequent and somewhat naive question posed by many investors is both amusing and insightful. It underscores the importance of market knowledge and a well-thought-out approach in real estate investment. Your post is a valuable reminder for investors to do their homework before negotiating. 🧐💼 #RealEstateNegotiations #InvestorAwareness

Nov 27, 2023 09:07 PM