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Showing posts from July, 2019

Why NO offers on My House For Sale?

In todays market, home buyers don't make offers on overpriced listings Here’s why: • Their agent knows it won’t appraise! In the “post-crash” real estate market, sellers (and agents) need to be spot-on with pricing. Otherwise, the listing will languish. • They don't want to offend the seller. It goes against human nature to offer substantially less than asking price to a seller. It's insulting to the seller and embarrassing for the buyer. • Buyers erroneously believe that the seller knows the home is overpriced. They believe that if a seller would be willing to sell for less, the seller would simply lower her price. • Buyers also assume that the seller must have turned down low-ball offers from other buyers because surely someone, somewhere along the line, had offered a reasonable price to the seller. But many times, there are no offers at all. https://www.thebalance.com/looking-twice-at-overpriced-homes-1798671 There are ways you can get the price right from t…