- 1 year ago
We just bought our 4th house and have just started the process of selling our 3rd. Much depends on how motivated the seller is. The home we just bought was built for $700k more than we paid for it. But the seller was motivated and just wanted to get out. We put out a lowball offer and negotiated from there. It’s pretty stupid to take an offer as personally offensive. It’s a negotiation with each side trying to get the best of the other. Now when we sell our current home, I would be willing to sell it for $50k less than the asking price because we have that built in.
I’m hoping for a particular amount and we’re not going to accept any lowball offers, but I would entertain them and negotiate from there.
Long story shorrt: make the low offer. If they’re smart they’ll negotiate. If they’re not motivated to sell and are content to let their house sit on the market for ages (and thus have people wonder what’s wrong with it) they’ll get offended, but who cares. It’s not personal, it’s business, as the saying goes.