Best Scenario’s for Low Ball Offers
Home Buyers are in the enviable drivers seat when shopping for a home. Big savings can result from lowball offers, if they are presented and negotiated smartly.
The Best Case Scenario for Lowball Offers
- The property has been on the market for at least 120 days.
- The sales price has been reduced 3 or more times.
- At least a month has passed since the last price cut.
- Sellers have a compeling reason to move such as death, illness, divorce or job loss.
- Homes advertised as “all offers considered”, “willing to negotiate” or “must move.”
- Neighborhoods with an inventory glut and heavy competition.
- Sellers who have owned the property for over 5 years.
- Homes that are back on the market, after being under contract.
Tommorow we will look at presenting and negotiating a lowball offer.
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