May 08 2009
Low Balling - Part 3
After doing a market analysis you'll know where comps in the neighborhood are and have statistics to back up your offer price vs. the listing price. Ultimately an offer must be at a price where the seller's needs are met–perhaps not expectations–and ensuring the property will appraise.
There's nothing gained by offering a price so ridiculously low that you'll burn bridges with the seller. Or, offering a price so high the house will never appraise, ensuring you'll never get the loan approved.
Far better to write a strong offer at a fair price that is more attractive than a low-ball offer.
