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  1. #28
    Join Date
    Jul 2008
    Location
    Snellville, GA & Lake Sinclair
    Posts
    8,419

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    Quote Originally Posted by bergermaister View Post
    Offering 20% under asking price? I think y'all are smokin crack. Unless your area is absolutely flooded with available properties. I'd be insulted with an offer like that if I were selling, distressed or otherwise.
    Depends on the market, motivation level of owner, appraised value of home, etc. And, as a buyer, I could give a crap if you're insulted b/c had you said "yes," then I got the deal I wanted. It's a buyer's market, David. Offer low & counter until you hit your threshold, then walk away to the next one. If you've found the house that you absolutely have to have, then fight a bit harder.

    To Mike's point, be sure you include eveything in the deal. If you were @ 20% less than asking, but going to pay closing costs and take the house "as is," then that may not be as a bad deal for the seller vs paying asking price and they have to cover/make repairs and cover closing costs.

    Lots of things to negotiate. Play the game well and you'll win.
    Last edited by wolfeman131; 12-07-2012 at 04:42 PM.

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