The Art of Making a Lowball Offer on a House

Discussion in 'The off ramp' started by Wir3D, May 3, 2008.

  1. Wir3D

    Wir3D New Member

    Mar 6, 2008
    From another forum...the last tip seems a bit like a joke but otherwise.

  2. darren

    darren New Member

    Jun 23, 2007
    Those last ones are out of line. If someone did that to me, I would tell them to F-off. They obviously want the house and denying it is the only way to treat them. If someone made you an offer, someone else will too.
  3. iansw

    iansw New Member

    Jul 16, 2007
    Some decent tips, some bad tips. You want to go with a professional experienced broker. The home is the biggest investment most people will make, you don't want to mess it up with a bad transaction...the state laws, contracts, things to watch out for, etc., it's worth it to just pay someone to take care of those. It's a housing correction in hot spots like FL or Las Vegas, but not in places like CA or NJ...those places still have sky high prices.
  4. Superbass

    Superbass New Member

    Nov 9, 2007
    Don't close the gap is fine. That's just good bargaining. But nitpicking on repairs and squeezing them after you agreed on a price is way unethical.
  5. BillK

    BillK New Member

    Aug 29, 2007
    Housing prices are returning to normal in some places, in other places there was never a housing bubble so the market hasn't changed. If you bought a home 10 years ago, you didn't lose any money. It's like stock picking - if you bought before the bubble, even though your investments may have been valued at more than they are now, you didn't lose any money. If you bought when prices were high and sold now, then you lost.

    Buy low, sell high - now is a good time to pick up a house.

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