Why didn’t they take my offer? Because it was a low ball offer!

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Why didn’t they take my offer? Because it was a low ball offer!

I do not know how many times I had to say this is the past year. I do not have a problem presenting low ball offers as long as my buyer understands what the real market value is and as long as he understands that he might not get the property and might not even get a counter offer. “Can’t hurt to try”  Right ????  Wrong !!!!!!!!!  I do not know how it is elsewhere in the country but here in Saint Petersburg the time for low ball offers is nearly over.  Properties here are either prices at current market  value which means they are already 30, 40 50% less than 3 years ago or they are completely overprices which means the sellers are not in distress and do not need to sell.  There are hardly any properties left on the market that you can get for “cents on the dollar”  Maybe I am wrong, but I have a feeling that in a year from now we will end up with a lot of  “low ball buyer” that say  “I wish I had”

Why didn’t they take my offer? Because it was a low ball offer!

Like I said, I have no problem with presenting a low ball offer as long as the buyer understands what the current market value is and that he might not get his dream home.

 

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