New to Real Estate · HI (oahu) · Member since 2020 · 5 posts · 0 votes
Hello all, I am interested in a home in Pearl City, Hawaii. It has been on Zillow for over a year and asking price is 129,000. Do you think I would be low balling if I offer 100,000? It does need some renovations due to the old layout to change into a more modern home. It has also been listed for awhile. This would be my first time purchasing so I want to get a good deal, but also do not want be rude asking for so low. Any recommendations?
It's never low-balling when you do your homework and make an informed decision on price that works for you. So while you "always" have the potential of a "substantially lower than asking price" offer being seen as unreasonably low in the "eyes of the seller". You have to make "informed" offers based on the deal you want to get. It's one thing to make crazy low offers all "willy nilly" on properties day in and day out that you aren't serious about buying, its another thing entirely to have a system and follow your system for evaluating a deal and making an offer at a price point that works.