846,575
Sure all the time. I submit it.
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Nina Hollander, Broker
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
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Anthony Acosta - ALLAT...
Atlanta, GA
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Tony and Suzanne Marri...
Scottsdale, AZ
1,655,312
All buyers want to buy cheaper and all sellers want to sell for more. They all try.
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Bruce Walter
West Lafayette, IN
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Michael Jacobs
Pasadena, CA
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Tony and Suzanne Marri...
Scottsdale, AZ
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Eric Kodner
La Pointe, WI
1,472,185
I have both written and received offers that were considered "below market value".
Some have been accepted and others not. I do not ever ask my Sellers what their bottom line is because I know things like that change on a daily basis due to issues I'll never be a part of.
We are required to present all written offers and let the involved parties make the decisions.
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Susan Emo
Kingston, ON
637,534
Yes, and I don't remember any of them coming out well. I tell my clients that but if they still insist, then so be it. Often they need to lose out of some properties before they learn their lesson.
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
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Inna Ivchenko
Encino, CA
1,544,734
All the time. I submit it. Sometimes the seller will bite.
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Candice A. Donofrio
Fort Mohave, AZ
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Nina Hollander, Broker
Charlotte, NC
2,715,333
An investor had me offer 60-65 cents on the dollar on about two dozen potential rental houses that he picked out of the MLS sight unseen (cash, subject only to inspection and clear title).
I emailed the offers, with a brief explanation that it was strictly business, nothing personal, either accept or reject / no counters please.
We had several takers, and closed on those houses.
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Candice A. Donofrio
Fort Mohave, AZ
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Nina Hollander, Broker
Charlotte, NC
1,108,828
Sure. Depends on the property and strategy for acquisition. We never know what's doable. That investor must be willing to walk away because I do not want to hear whining that the property was lost to them when they insulted the seller, though.
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Candice A. Donofrio
Fort Mohave, AZ
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Nina Hollander, Broker
Charlotte, NC
2,231,519
I drafted the offer and called the listing agent ahead of time to give her heads up.
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Nina Hollander, Broker
Charlotte, NC
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Anthony Acosta - ALLAT...
Atlanta, GA
2,538,789
Good morning Paul. I have been the one that has made offers below market value. Have ended up getting many of the offers, cash really helps.
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
1,327,560
If this is a constant habit with a low baller I require a fee to submit low low offers to sellers. Most of the time they decide to find someone else that has the time to waste.
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
1,055,561
I am much more likely to fire or refer a client who thinks this is the acceptable way of doing real estate. It's not my style and it is my reputation, and my experience has always been that it's a total waste of time. Next!
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Candice A. Donofrio
Fort Mohave, AZ
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Tony and Suzanne Marri...
Scottsdale, AZ
3,627,477
Paul, wrong approach to hit me with a demand. Even my wife knows not to demand me to do anything. Having said that, it would be my decision to either present the offer or fire the clients, done it before.
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
582,156
Our license law requires us to present all offers. We give advice, but some buyers still feel they have to try.
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
274,109
If the offer is too low, a lot of sellers here take it as an insult and will tell the buyer to take a hike and reject the offer. I ask the buyer to reconsider before going too low ball.
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
5,193,779
It's only happened a couple of times. I share what I know about the market data and my best assessment relative to the asking price, but if they want to make an offer knowing all this I will do it. It has yet to be successful
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
6,041,912
In our current market it won't fly, but in past years I have had clients submit very low offers. Sometimes it works if it is a buyer's market.
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Paul S. Henderson, REA...
Tacoma, WA
794,509
I don't need to write any offer or work with any buyer or seller. Rookies love writing offers, I did it then too. I will write a lowball offer if the buyer is willing to negotiate and understands the current market value. I've written offers $80,000 below market value on a $900,000 home and ended up with a deal at $865,000. We need to decide whether the buyer is a buyer or not.
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Nina Hollander, Broker
Charlotte, NC
5,585,039
we're listing agents, but we have received many like that when it was a buyer's market.... we were thankful to receive it and we worked it until there was nothing left to work...then it's take it or leave it to the seller....
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Nina Hollander, Broker
Charlotte, NC
2,195,159
I am required to submit all offers by the nature of having a real estate license, so a demand is rather abrasive. If I have reason to believe the seller can obtain the price the seller wants, I will suggest that the seller either ignore the lowball or counter it; and that process covers about 99.9% of my transactions.
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Nina Hollander, Broker
Charlotte, NC
5,535,984
Yes, and the results were what I predicted, no response!
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Nina Hollander, Broker
Charlotte, NC
8,212,165
469,625
Yes. I spend some time on education and stats and how going way below market value will most likely result in them having to pay more or help the seller choose another offer. If that fails, simply write it and present it. Of course there are clients that I have recommended that they find another agent to work with.
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Nina Hollander, Broker
Charlotte, NC
1,756,842
We must submit it per our agency and state licensure requirements.
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Nina Hollander, Broker
Charlotte, NC
5,774,106
4,434,277
5,328,312
I think we all have..just submit it!
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Nina Hollander, Broker
Charlotte, NC
824,029
Yes, many times and I submit it per their request.
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Nina Hollander, Broker
Charlotte, NC
634,582
Not so far below that we didn't get a counter offer. I am know as a strong negotiator and strategist, particularly with my investor-clients. I have fired buyer-clients that are unrealistic and keep wanting to get a million dollar home for half price.
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Tony and Suzanne Marri...
Scottsdale, AZ
1,157,847
It can be part of a negotiating strategy that may or may not work depending upon both parties.
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Tony and Suzanne Marri...
Scottsdale, AZ
6,744,847
4,322,295
Paul - simplest thing is to show comps.
They will learn it after losing couple of homes they really love.
321,664
3,764,441
3,986,479
My clients don't have to threaten me...I present all offers...only makes them see their wrong way of thinking
3,988,144
After having a conversation about the possible repercussions of making such a low offer I will follow the clients instructions.
1,772,017
We are at the mercy of the client we take on as our boss. If it happened multiple times I may fire the client for wasting my time but hopefully they learn and submit offers that are reasonable.
5,365,579
Yes. I submitted the offer after telling him it wouldn't be accepted. It wasn't. After his wife beat him up, he wasn't so stupid the next time we made an offer.
4,775,492
I don't work with "demanding" clients - at least not for long .I have submitted offers below list price for many clients. There have also been many examples of properties selling far below/far above what I consider "market value" --- I believe those are often called the most recent comps until something else closes. Knowing the inventory and being able to explain the numbers establishes our personal "market value".
2,864,482
Anyone who thinks like that is HIGH maintenance to be sure. You want to play to win...not draw or chase around your tail. Waste of time & money
667,782
921,504
I submit, get rejection then cut the buyer lose.
Reason one: DEMANDS OF ME !!!!
Reason two: Ignores professional advise
Reason three: does not value my time
3,074,716
It's part of the "discussion" at the time they sign the Buyer Broker Agreement, and covered in our Addendum to that Agreement!