Cracks in the foundation

We are beginning to lean towards a new tactic- regardless of listing price, we make an offer.

$2,195,000 with 170 days on market? No problem. We will offer you the $1.6 we think it is worth...

Now if only we had an agent willing to comply... I swear I am going to start copying off a set of offers and just pasting in the particulars...

Comments

Anonymous said…
Miss Maria,

I think thats a bad strategy...offering low really pisses off sellers, even if they are out of touch with todays market. I would look into the properties that have'wiggle room', like the houses that have been owned for years and the sellers are not looking to make an unreasonable profit. I find that the sellers who have a lot of equity are not as greedy...you are just looking at houses (maybe) where the sellers have used the house as a piggy bank and don't have enough equity to work with...
April 7, 2008 at 12:41 PM
Terri said…
It might be a bad strategy, but I'm really getting tired of getting into these multiple bidding situations for the three nice houses with fair list prices. What the seller is making for "profit" is not my business. We have needs, wants and a budget. If anything, perhaps if the only offers you get are low, lower and even lower- just perhaps- you might get a clue what the market will bear currently.
April 7, 2008 at 3:17 PM
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