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We just got low balled on our house--WTF *?&!
Old 07-29-2016, 11:13 AM   #141
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We just got low balled on our house--WTF *?&!

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Originally Posted by dallas27 View Post
Ya, my poor neighbor thought she was being nice to help them landscape in a hurry and help them move out as a last favor, got totally screwed and now is bitter.

I don't know. Sounds to me like helping them move out could be a favor to the cul-de-sac.
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Old 07-29-2016, 02:37 PM   #142
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Generally price moves homes. If you're under priced you'll quickly get full price competing offers. If you're at market, you'll get offers near asking within 1-3 months. If you're above market you'll attract low ballets. I don't get emotional about deal making; I just try to read the market based on the reactions I get.


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Old 08-01-2016, 03:19 PM   #143
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Interestingly enough, the price dropped today by $50,000.
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Old 08-01-2016, 03:52 PM   #144
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Interestingly enough, the price dropped today by $50,000.

Lol, how did you know?


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Old 08-07-2016, 07:50 AM   #145
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The price cut worked. Seems theres now a pending offer.
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Old 08-07-2016, 08:30 AM   #146
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One thing to keep in mind is that nobody in their right mind is in FL looking for real estate right now. If you want to get the highest price, take it off the market and put it back on in Nov or so. Just having to go look at a place in mid 90 degree weather with very high humidity would cause me to lowball an offer. Plus, as a property owner in SWFL, the market is not as high as realtors make it seem. I've seen a lot of properties listed, but very few get offers anywhere near the asking price. Seems to me the sellers are living in hopeful land more than reality.
I just sold my mother's home in southern AZ this month.
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Old 08-07-2016, 01:33 PM   #147
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The price cut worked. Seems theres now a pending offer.
Congrats! Hope everything works out well.
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Old 08-07-2016, 03:12 PM   #148
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Yes we did well. Full ask on the price cut. Feel very good!

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Old 08-07-2016, 03:13 PM   #149
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hey congrats!
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Old 08-07-2016, 03:13 PM   #150
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Quote:
Originally Posted by harley View Post
One thing to keep in mind is that nobody in their right mind is in FL looking for real estate right now. If you want to get the highest price, take it off the market and put it back on in Nov or so. Just having to go look at a place in mid 90 degree weather with very high humidity would cause me to lowball an offer. Plus, as a property owner in SWFL, the market is not as high as realtors make it seem. I've seen a lot of properties listed, but very few get offers anywhere near the asking price. Seems to me the sellers are living in hopeful land more than reality.
Harley,

Actually you would not believe it but most sales occur march to august and it is consistent last 5 y.

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Old 08-08-2016, 08:54 AM   #151
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Congratulations on your sale. We just accepted an offer on our apartment in Beijing. We put it on the market in mid-May and had one offer fall through because the buyer didn't have the resident status needed to buy in Beijing. The second buyers offered about 3.5% below our asking price, we countered with around 2% under asking price, and they accepted the counter. We will leave them any furniture we cannot sell separately. We also sold the two parking spaces we have in the building separately, so if we add that in we actually sold everything for more than our original asking price.

Will take ages to close due to slow local bureaucracy, and then will need to get the money out of China (will be doable as we will have the tax receipts to show our gains were legal, but it will take lots of paperwork). And then we need to find our US dream house. Hopefully before our current lease runs out at the end of May 2017....
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Old 10-14-2016, 02:44 PM   #152
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I don't think 15% to 17% below asking is a low-ball offer. Is it really?

Suppose they had offered $645K and after any counter offer from you, they simply repeated $645K, what would you have done?

I think it is good to work out scenarios in advance ... war-gaming if you want to call it that.

And if you really want to keep your furniture, tell the buyer who you bought them from in the first place.
Interestingly, the final sales price when it closed was $644,000.
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Old 10-14-2016, 03:18 PM   #153
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Old 10-15-2016, 07:02 AM   #154
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This worked as it should. Seller had a lot of time, so they put in on the market overpriced just in case they got lucky. The market "spoke", they lower the price and got an offer & Sale. 644K vs 699K. If they had started at 600K they would not have seen the extra $$ but it would have probably sold quickly for 610k or so.
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