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Trulia Voices | Top 10 Questions of the Week

Mon, May 5, 2008

Trulia

lowball-offers

This week, the top thread on Trulia Voices has lots of unique points of view about low-balling offers. In many local markets around the nation, homes are sitting on the market longer then most sellers would like. Home buyers may be using this as a signal to present a low ball offer. Do you think it’s a bad thing when home buyers present low ball offers? Let’s see what our community thinks…..

1. Real estate pro, Lynn 911 Dallas stated, “Home buyers who want too low ball offers, the problems they cause cost the buyer $1000’s at closing….”

Real estate pro Gerry Vasquez says, “Are you serious? At a time when many homes are not selling because they’re priced too high, a national crusade by Realtors to chastise so-called “low-ball” home-buyers is, well, odd.”

While ML-I, a home buyer from Miami, says “This is not a game as you realtors would like it! This is real money! Offer is a offer is a offer. There is no reason to pay one dollar more than one has to and there is no reason to accept one dollar less than one has to.”

Real estate pro, Deborah Madey, says,”Unfortunately, the media has more influence over buyers and sellers than anyone else. I suggest that buyers utilize data to solidify their offers. If there is no rationale for a lower than ask price, it’s a pure play on seller motivation. April has the ability to keep walking away until she finds that highly motivated seller. ”

Trish, a real estate pro says, “You don’t normally find someone twisting a seller’s arm to sell. If a buyer is serious about a particular property, they need an agent that will work with them SERIOUSLY (low-ball offers typically come from buyers that don’t NEED to buy…they are usually ‘testing the water’ to see if they can ’snag’ it up at ‘their’ price).”

Real estate pro, RK Ruthman says, “With the economy being what it is, low ball offers or not, negotiations have become a tug of war. Buyers and Sellers are equally digging in their heels. If one side lets go, then the other side falls on their arse.”

….and now to the rest of the top 10……

2. Are there any realtors out there who advise waiting for the market to turn around?
3. Why are some realtors so quick to reduce the sell price of a home just to make a quick sale?…
4. What is considered reasonable per-square foot cost for a brand new house in Windemere?
5. Are there any advantages of not hiring a buyer’s agent and just working with a seller’s agent since you can?6.
6. I have a Short Sale listing that I recieved 2 offers on. I’ve submitted both offers, and it’s been 2….
7. Here is the million dollar question?
8. As a new agent, I find that many agents are very hush hush about how they get listings.
9. Is there anything that will prevent SF real estate prices from keep crashing?
10. Is it time to change the realtor? Our 1BR condo was on the market last year already from March through…..

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This post was written by:

Rudy, Social Media Guru - who has written 81 posts on Trulia Blog - Real Estate Search.


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1 Comments For This Post

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  1. John Says:

    Question #6.

    Check out online new course for agent on ahort sales http://www.certifiedshortsaleprofessional.com/ maybe we should all learn short sales. It seems it is a required skill of the times.

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