Updated over 8 years ago on . Most recent reply
Some investors make me laugh
My wife and I just listed the last of our sfr’s in Gwinnett County. It’s in a very up and coming neighborhood with a new hospital less than a mile away etc. we listed it below the “Zillow” estated 176k for 169,900.
We’ve had plenty of interest, but haven’t accepted anything as of now. My real estate agent says you have an offer at 155 and they want this and that and this... “cash buyer”. I told him not even to respond with this lowball crap.
We’ve had full price offers already, but will wait until tomorrow mornings showing to ask for highest and best.
I’m not a flipper, but is this how it goes with investors looking to buy an investment property? I guess people will just throw junk out there hoping it will stick.
Ye, I do understand that this is what most of us do, lowball, but that’s an embarrassing offer even though the percentage isn’t that far off.
Most Popular Reply
A $155k cash offer on a newly listed $169k asking price is not that low ball to me. He may assume your bottom line is $160-165 and they will end up there. I had a house listed at $285k and was offer $250k, with his reasonings. I countered back and he disappeared. I never felt insulted, I found a buyer shortly after and al went well.
If you have full price offers, and waiting on another showing, you don't need to worry about that lower offer, however to me that is far from an insulting low ball offer... something like $130k would be a lowball offer.