ReallyNiceHomes.com

ReallyNiceHomes.com

Discover The 10 SECRETS Of The Unique Advantages Professional Investors Have Over The Buying Public ....

How to Buy Home in Maryland @ Wholesale Prices!!!

Discover The 10 SECRETS Of The Unique Advantages Professional Investors Have Over The Buying Public ....

How to Buy Home in Maryland @ Wholesale Prices!!!

SECRET #9

SECRET #9

"Let's Low-Ball an Offer"

It's all in the timing. .

A good Realtor knows when to low ball. . Here are some of my own rules for my agents when we send a low ball offer. .

1. Bank has reduced the price for the 2nd time (They Blinked!)

2. Bank has reduced price within 4 weeks (Desperation?)

3. Property has been on the market 4 months or longer ("Where are the buyers?)

4. Bank has changed REO Listing Agents (impatient) 

5. Property needs cosmetics but it's not a total rehab(No Mold)

6. Property is vacant and could be vandalized (security for the bank)

"Let's Low-Ball an Offer"

It's all in the timing. .

A good Realtor knows when to low ball. . Here are some of my own rules for my agents when we send a low ball offer. .

1. Bank has reduced the price for the 2nd time (They Blinked!)

2. Bank has reduced price within 4 weeks (Desperation?)

3. Property has been on the market 4 months or longer ("Where are the buyers?)

4. Bank has changed REO Listing Agents (impatient) 

5. Property needs cosmetics but it's not a total rehab(No Mold)

6. Property is vacant and could be vandalized (security for the bank)

Caution: It is not to your best interest to submit a ridiculously low offer, often it just enrages the seller (bank) who then refuses to negotiate.

If the property is already priced close to market value then an offer of 8-10 % below asking IS a low-ball.

Properties that are priced right in Montgomery County aren't staying around too long.

Caution: It is not to your best interest to submit a ridiculously low offer, often it just enrages the seller (bank) who then refuses to negotiate.

If the property is already priced close to market value then an offer of 8-10 % below asking IS a low-ball.

Properties that are priced right in Montgomery County aren't staying around too long.

My Rules of the WORST time to submit a low-ball offer:

1. Seller has not reduced asking price

My Rules of the WORST time to submit a low-ball offer:

1. Seller has not reduced asking price

2. Property is less than 4 weeks on the market

2. Property is less than 4 weeks on the market

3. You are bumping on other possible buyers when viewing it

3. You are bumping on other possible buyers when viewing it

4. Property is priced slightly below market value already; a good Realtor should give you a full CMA before offering.

4. Property is priced slightly below market value already; a good Realtor should give you a full CMA before offering.

5. The dreaded M.O. (Multiple Offers)

5. The dreaded M.O. (Multiple Offers)

GO TO SECRET #9