Dian Hymer says deciding on offer price depends on market trends, urgency of seller.
She is right on here.
… although the listing inventory is high in most places, sellers are not equally motivated to sell.
There are sellers who would like to sell, but who don’t have to sell. If they don’t get their price, they either stay put or rent out the property until the market turns. Sellers who don’t need to sell are often resistant to negotiating the price.
Motivated sellers, on the other hand, need to sell. They could be transferred by their employer and have to relocate quickly. Or, they might be facing financial hardship. Or, perhaps they have already bought another home. These sellers have a deadline to meet. They are usually open to considering all offers.
1 response so far ↓
1 Cash // Feb 4, 2008 at 9:48 am
Yes, there’s a ton of motivated and un-motivated sellers out there right now. There’s just a lot of sellers! Not everyone is willing to take a HUGE loss, not with our hottest selling season on the horizon. However, you just might get lucky and find some, occasionally. The key is to ask- it never hurts. They don’t want to counter? Fine- submit another offer. The best deals go to the ones who at least ask- it’s worth a shot!
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