MISTAKE#5 MAKING TOO LOW AN OFFERReal estate transactions are unusual in the you are not dealing with fixed prices. As consumers, we are all accustomed to walking into a store, seeing an item and paying the price on the price tag. However, if given the opportunity to barter and pay less, how much lower would you go?
Well, for many homebuyers, the tendency is to go extremely low with the idea of , "What can it hurt?" What often happens in these situations, however, is that the offer is viewed as an insult to the seller and the negotiations have begun on the wrong foot.
This is not to say some rare properties don't sell for well under the asking price. However, a wise homeowner will trust his or her real estate agent's recommendation when it comes to making an offer. Houses sell based on what similar houses in the area recently sold for. Your real estate agent has access to this information and should help you determine what fair market value is for a home. Trust his or her recommendation. This is what they do for a living, and it is something you do every five to ten years on average.
Bryan VogtStrano & Associates, Realtors® - GMAC Real Estate
(618) 355-5824
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O'Fallon IL Real Estate, Condos, Homes for SaleSwansea IL Real Estate, Condos, Homes for SaleBellville IL Real Estate, Condos, Homes for SaleScott AFB PCS Relocation---
Labels: fixed prices, low offer, negotiations
# posted by
Bryan Vogt @ 11:10 AM
