123 days on the market--one lowball offer
PokeMom
13 years ago
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brickeyee
13 years agolast modified: 9 years agoPokeMom
13 years agolast modified: 9 years agoRelated Discussions
I am SO energized
Comments (6)Selling your home is such a big step. When MIL died, her daughter had lived with her all her life, and it took the daughter six months to organize the household, including one last weekend when she asked all the siblings in to help themselves and then fill a dumpster with anything left over. She went to two realty companies, both of which were very eagher. The house had been kept immaculatyely clean and in good repair, and it was only on the market one day. Imagine that- we went to the realtor one morning, by the time DH and I got home, there was a phone call and an offer- just $10K less than the asking price. I credit that all to my MIL, who kept a very clean, ship-shape home. One thing you are right about, even if your house is on the market a long time, you will be living in organized, well-functioning surroundings. Good for you!...See MoreOffering a low ball offer....
Comments (30)njtomato - I wish you much luck - please let us know how this all turns out. I have to agree with the triciae and the other posters who said you have nothing to lose by making a low offer. Seventeen years ago, my parents were going through a messy divorce and put my childhood home on the market. It had the potential to be a wonderful family home - had great bones, on acreage lot, in old, very affluent area, and was surrounded by beautiful, expensive properties. Unfortunately, my father had not wanted to put any money into the home for years, and it was badly in need of updating. Structurally it was sound - just needed paint, carpet, updated cabinetry in kitchen/bathrooms, landscaping, etc. It sat on the market for months because it did not show well and most buyers were not looking for a fixer-upper. Also, the real estate agent that my father insisted on using did nothing to aggressively market the home. Finally, a close friend of the real estate agent's son made a lowball offer - about $80k less than asking price. My father was ready to sell and accepted the offer, against the pleas of the rest of the family. (We always suspected that the real estate agent recognized that my father had reached the end of his rope so advised her son's friend to make the lowball offer....) Anyway, the house sold, and the buyer completely remodeled the inside and landscaped outside - it is absolutely beautiful and rivals the rest of the homes in the neighborhood. Moral of story - you never know the sellers circumstances and how ready they may be to sell.......See MoreInitial offering & too much info --what would you do?
Comments (6)Thanks all! We made an offer and although it is still technically open, we don't expect it to be accepted or even countered at a price that we are willing to accept given the lack of comps. I think invisible nailed it. The seller is not desperate for cash and has time to see what the market will do. Luckily, there are several lots we like and we are not in a rush. We can keep our options open and after the market speaks either with sales or time on the market we can reevaluate....See MoreProtocol for Weighing/Accepting Offers
Comments (16)We had 5 offers within the first two days, which was surprising as well as stressful. We just made a list and added up each negative factor for each buyer, then took the highest offer with the fewest negatives. Even after we started negotiating, we held the open house that weekend anyways; our realtor was amenable and we were able to collect a few more just-in-case buyers' names. This means we actually sold for a bit less than the top offer we received, but the sale was far more likely to go through to the end. (The top offer had lots of inspection contingencies and wanted to do some renovations that may not have gotten city approval.) And it did!...See MoreCarol_from_ny
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