Is a Low Offer a Good Idea?

Is a Low Offer a Good Idea?

You’ve spent a few of your weekends viewing houses. You’ve found a couple that you like, but none were quite “it.” Then, eventually, you visit a property that looks perfect for you. It has all of the features you’re looking for in a new house. You instantly fall in love with it.
But it is not yours yet. You’ve got to make a bid. The amount you offer will play a significant role in whether or not you get the house, and the price you’ll pay.
At this point, you might be enticed to put in a low offer thinking that you’ll get a bargain.
But that’s usually not a good idea.
The vendor (working with his or her REALTOR®) is probably aware of the current market value of the property. So your low-ball offer will unlikely make a good impression.
Also, there might be another bid that comes in at the same time — one that is near to the listing price — and you could risk losing your possibility of purchasing the property. So be wary with the low-ball game. Chances are, you’ll lose. A good REALTOR® can aide you make the right offer for the property you’re interested in buying. For a free valuation, contact us at 401-396-2888. We’re always glad to help!

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If You're Selling: I know how to present and showcase your house effectively, promote and market it so that it attracts qualified buyers and get SOLD for the highest price possible.

If You're Buying: We start with really learning about your needs and what you're looking to achieve in your new home. Knowing this will help me find and show you the best homes that meet your criteria.

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Phone: (401) 396-2888

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