Comments on: The Home Buying Process: Part 3

By: lighting control362

lighting control362 — Tue, 27 Oct 2009 08:08:46 +0000

Now a days to buy a home is really one of the difficulty progamme,there are lots of risk for buying a home and some peoples are also cheat you in plotting case so nice post and I think in this process if I buy a home I'll must be benefited in future.Thanks for the nice post and Keep up blogging continue.

By: Home Buyers Information : Phoenix Real Estate Home

Home Buyers Information : Phoenix Real Estate Home — Mon, 19 May 2008 20:48:43 +0000

[...] Lender, Evaluate Your Needs, Choose a Real Estate Professional Part 2: Identify a Property Part 3: Write and Negotiate an Offer Part 4: Escrow and Inspections Go forth and [...]

By: Francy

Francy — Mon, 21 Apr 2008 17:10:06 +0000

Mike – In a normal market with the property in good condition, listed at current market value – I would *not* recommend an offer of 90% of list price. I’ve seen some sellers get upset about an offer at 95% of list price.

By: Mike R.

Mike R. — Mon, 21 Apr 2008 16:40:28 +0000

I never really thought about the low ball offer annoying the seller. But that makes sense. One could argue that ANY offer is a starting point. But your point about the sellers being emotionally invested is a great one. Sometimes that emotional attachment probably makes it hard for sellers to see past the low offer.

My guess is no one offers full list price. So how low is too low? 50% of asking is probably unrealistic. But is 80%? (assuming the list price itself is realistic)

By: Jamie Geiger

Jamie Geiger — Mon, 21 Apr 2008 04:41:55 +0000

Great post- again- I think all buyers should pay attention to “common negotiation mistake made by a buyer is to submit an unrealistically low offer with the expectation that the seller will counter the offer somewhere between the list price and the offer price” Sellers may and do take great offense to low offers and get mad and refuse to counter. If a home is priced “to Sell” buyers should acknowledge that, and make a fair offer and not low ball.