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In today's real estate FAQ's episode you'll learn tips for getting a lowball offer accepted! Let's begin with some basic how to buy a house questions that come up frequently. Nearly every buyer always asks, "can I offer less money for the house," when they are ready to write an offer. When buying a house, the list price and terms of the contract are negotiable. To weigh the odds of what is considered a lowball offer on a house, begin with understanding if the current market is a: sellers market, buyers market, or balanced market. Depending on the type of market will determine the likelihood of getting an offer accepted on a house, especially one quite a bit under list price. The next question that usually pops up is, "how much should I offer on a house below asking price?" That's a great question! Real estate lowball offer mistakes occur when a buyer first doesn't understand the current market conditions and trends. Working with a savvy buyer agent, when a home buyer gets ready to write an offer, the agent will double check value. If higher than reasonable then the offer should be less than asking price. If the list price and valuations check out, then it's matter of motivation on behalf of the seller and the market conditions. (i.e. are multiple bids occuring? how long has the house been on the market?) So, how to make lowball offers on a home successfully? First, understand the market conditions. (Yes, I'm driving this point home because it's critical to your success!) Next up, find the homes with the longest days on market that you like best. Next, schedule with your trusted real estate advisor to check them out asking your agent to "comp" the property before viewing the home. Ask your real estate agent if the home is overpriced, underpriced, or at the right list price. Chances are, if a home has a many days on the market over the average in your area, the price isn't right and the seller must come down if they hope to sell. So, what percentage is considered a lowball offer. If the home is priced correctly, anywhere from 3%- 5% under list will definitely be low. If the home is overpriced then anywhere from 7%- 10%+ will be considered a lowball offer. Here's the deal... In practice, me and my teammates have assisted home buyers get as much as 15% off the list price on occasion even in a seller's market. While it's certainly not the norm, every property, buyer, and seller thus negotiations are unique. To balance that fact, if a buyer wants to consistently be unreasonable by making lowball offers on correctly priced homes or underpriced homes and not listen to the prudent counsel or learn how to make a successful offer, then I will consider the buyer unmotivated to buy a house and simply fire the client. Please understand that when real estate agent's represent home buyers, we are looking out for your best interest and will assist you in getting the deal possible for the current market on both price and terms that help you get the home you want. Depending on your motivation to get the house, days on market, price, and market conditions, terms needed (i.e. buyer closing costs, home warranty, etc...) will determine the best way to make an offer on a house. Be realistic, be smart, and listen to your trusted real estate advisor whether you'll be able to get your lowball offer accepted or not. Sometimes it does work out. To get the most of this video, watch it start to finish and share your questions & comments, about when to walk a way from a home purchase with our community below. Thank you. To get honest information the next time you're buying a home or selling a house contact a great local trusted real estate advisor. If you want help finding one of the best real estate agents in the nation, a CRS please let me know. I'm here to help! If you want to know more about Las Vegas real estate or buying a home in Las Vegas, please let me know. I'm happy to help! Thank you for watching! =) Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Real Estate Consultant License #S.0173260 Call/ Text: 702-710-0287 Email: Andrew@AndrewFinneyTeam.com https://www.andrewfinneyteam.com/ BHHS, Nevada Properties 7475 W. Sahara Ave. Suite 100 Las Vegas, NV 89117 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL
How to make an offer on a house... learning how to negotiate in today's property market can get that next investment property at a discount and negotiation is a skill you CAN learn. Property investing is all about making a profit (ethically). It's about building your property portfolio by buying at a discount (ideally below market value - BMV - where you can) and then adding value... and a big part of this comes down to negotiation. DOWNLOAD CHECKLIST... https://yourfirstfourhouses.com/ Learning how to make an offer on a house - is where it all starts and in today's video - let me give you 6 BIG property tips to get you started. I hope you find this one helpful. All the best... Tony Law | Your First Four Houses with property investment for beginners tips that will hopefully help you in your property business or real estate endevours!
Listen as Adam Iobst of A-Team Realty, LLC explains the "in's and out's" of purchasing a bank owned property. Enjoy the show.
Learn how you can get a super DEAL when buying a new home. Everyone what's a good deal when buying a new home. See how. Contact me: http://www.tampa2enjoy.com/contact-us/. View all new construction Tampa homes for sale at http://bit.ly/298ukGR. In this new homes video I talk about how to get a super deal when buying a new home. As with buying any real estate - time is key. I am going to show you how to buy a home at the best time and location in order to get a really, really good deal on your new home. There are other secrets to getting a super deal but i just ran out of time in this video. Anyone who is considering buying a home obviously wants to get the best deal possible, but how can you get the best deal on your future home? If you are considering purchase a lot and having a home built just for you, then you should consider looking into purchasing a lot in a subdivision that has nothing built yet. Most times builders will give you a really low price in order to start the process of building on the subdivision. If you go back a few videos you can learn some pointers on how to decide whether an area is right for you or not with helpful tips from the video. Search for clubs, gyms, parks, worship places, schools, or any amusements you enjoy using our Lifestyle Search... Click here: http://bit.ly/1XjjnSt Builders build homes in the hopes they sale very quickly, they have no use for a home so most times builders will not want to sit on a home that is already built. The builder will be more motivated to sell that home if it is one of the last ones in the area to finish; you can get a good deal if you look into homes that are 50-75% finished in the building process. Another option to consider is to hire a real estate agent to help you purchase your new home; some Realtors work closely with local builders and will have a good idea on the best deals in the area. The Realtor will also be better to use as a communication tool between you and the builder simply because builders acquire most of their business from Realtors, meaning they are more open to working with a Realtor than a private party buyer. A few things to keep in mind as you are searching for your new home, when you purchase your home you want to consider the location, floor plan, elevation, lot orientation, and the builder’s reputation. These key factors can make or break the sale of the house later in time. If you have any questions about building a new home or the construction process please give me a call. I have sold hundreds of new homes and have been in real estate in Tampa for years. Check out this video about hiring a Realtor when buying a new home https://www.youtube.com/watch?v=bY_VoQJp5s0&t=25s If you like this video, please give it a thumbs up or give me a comment. Don't forget to "Subscribe" to my YouTube Channel. Please contact me if you have any questions. Lance Mohr Mohr Realty Group at Keller Williams 813-317-4009 http://www.tampa2enjoy.com http://www.tampabayrealtypros.com *************************************************************** https://www.youtube.com/watch?v=sGvyDws9kUE
Dave Dettmann and his partner Dave Stewart of 3-D PROPERTIES OF S.W. FLORIDA, LLC take you along with them to show you the step-by-step process for buying a foreclosed home direct from the courthouse. We also have access to 100's of other properties like this one, so call or e-mail today and ask to be put on our FREE subscribers list which will automatically send you the newest, hottest deals right to your e-mail daily! Our FREE hot leads service allows you to set your own search criteria, essentially putting the power of the entire MLS right in your hands. Contact us at: email@example.com if you would like us to sign you up for this very powerful & fun service! For more information on this or any other property, or to make an offer, contact "The Gator Group" of Coldwell Banker Residential Real Estate, 3301 Del Prado Blvd., Cape Coral, FL. 33904 Our members are: David Dettmann: 239-728-4016; Wendy Dettmann: 239-728-4201 Part 1 of a 3 part video
Find out if and when you should make low ball offers on houses. Often your offer number can be quite a bit lower than the asking price, especially when you're doing on-market deals and working with real estate agents. Should you make lowball offers when trying to buy houses?
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