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Updated over 18 years ago on . Most recent reply

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presenting low-ball offer

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folks... last time I was in this situation I was getting very nervous, when I tried to dial seller's phone, by the time I get to the seventh digit I would just quit. finally, I mustered enough courage and told her my number. and when she accepted I flipped over from my chair and spelled the coffee. hardly believed it!!.
once again I am in the same situation.This time it is a bigger investment. I think I know what is my homework: CMA, House condtion, select the listing that are suitable for me, etc. but how do you drive the seller to come to accept your low offer. what is your strategy (excuse the spelling). I would like to here from you as pros any suggestions and recomendations please.

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Jim Gordon
  • Residential Real Estate Agent
  • Ohio
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553
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Jim Gordon
  • Residential Real Estate Agent
  • Ohio
Replied

It is what it is. You come up with the numbers that work for you and make that offer. If the numbers work for them you have a deal. Something to remember in real estate everything is a wish. The list price is the owner saying I wish that can get this much. The 1st offer is the buyer saying I wish that I could buy it for this. Reality is somewhere in the middle. If the price gets to high you have to walk. Don't be afraid of insulting the seller. I tell my clients if we get a low offer remmber the people that looked at the house and did not make an offer well they did not want it at any price.

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