A guide has been launched for home buyers and real estate investors who want to know how to submit a low-ball offer that will get them their dream property for less without insulting the seller.
A new guide has been launched aimed at potential home buyers and real estate investors who want to learn the proven strategies that get low ball offers accepted. The team at the Wealth Building Way explains the best real estate opportunities are those that appear to be mispriced or poorly marketed.
Read the guide in full at https://wealthbuildingway.com/how-to-make-a-low-ball-real-estate-offer-and-get-it-accepted
The newly launched guide gives an example of a residential property that was being listed by an out-of-town agent. The team explains that because he was not a local agent, he did not have a network of agents to send the listing to.
In this scenario, the guide explains the agent accepted an offer of $110,000 less than another buyer was prepared to make as the deal had already been closed with a handshake. The Wealth Building Way team explain that the real estate market is less efficient when compared to the stock market, which is why people should be diligent when looking for deals.
Proven strategies that work without insulting the seller are provided within the guide. The team explain the goal of any low-ball offer is to get the negotiation process started, it is not about getting the offer accepted at face value.
The first step to having a low-ball offer accepted is to understand the neighborhood comps for the past 12 to 24 months explain the team. They add that the comp that sold for the lowest on a price-only basis must be used as the reasonable anchor for submitting a low-ball offer, even if the comp is not like-for-like.
Understanding the seller’s background, the city’s listing culture, and creating a generic letter template that appeals to sellers should also be used as strategies explain the team.
A spokesperson said: “Selling a property is a stressful process because you have so much to lose – your pride, your time, and your money.”
“By meeting in the middle, you will make the seller feel good knowing they got more than the initial offer, even though that was your plan all along,” they added.
To read the guide in full, interested parties are invited to visit the link provided.