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Answers (4)
Best Answer
- Reuben Pacheco, "Reuben Pacheco"
- Contributions:48
Hey need help 1,
Well...the truth of the matter is you can't control the Seller or their agent(s). All you can do is support your Offer with sales comparables and stand by your gut decision on value. There are many over zealous homeowners out there that think holding out will serve their better interests and we all know that is a farce. The longer it remains on the market the lower their price will be. Don't get overly emotional about this property. It's a dance and nothing more.
Be prepared to walk away. You can always tell him that if you come back to the table your offer won't be as nice as it is today.
Hope this helps!
Well...the truth of the matter is you can't control the Seller or their agent(s). All you can do is support your Offer with sales comparables and stand by your gut decision on value. There are many over zealous homeowners out there that think holding out will serve their better interests and we all know that is a farce. The longer it remains on the market the lower their price will be. Don't get overly emotional about this property. It's a dance and nothing more.
Be prepared to walk away. You can always tell him that if you come back to the table your offer won't be as nice as it is today.
Hope this helps!
- Mike Young, "203kLoan"
- Contributions:31
We have had pretty good luck with providing a "feasibility analysis" if the property needs any work at all. This is a report that tells everyone the extent of the needed repairs and sometimes brings them to the realization that they may be too high priced. If the property needs no repairs this may not be what you can use. In that case it may take being listed for a year without a sale, or repeated offers at a realistic price that will have an affect over a period of time but it may never help your buyer. This is an FHA product offered by 203k loan consultants.
- hpvanc
- Contributions:2579
Move on. If the seller doesn't need to sell, they can hang on until the market comes to their price, until they need to sell, or their heirs sell to settle the estate.
- SoCal_Engr
- Contributions:5667
Move on. What're you expecting to do, beat the seller into submission?
Not all sellers need to sell, some are just looking to "make their price". Some will just hold on - you can try coming back (with a lower offer) if they're still on the market a few months from now.
Not all sellers need to sell, some are just looking to "make their price". Some will just hold on - you can try coming back (with a lower offer) if they're still on the market a few months from now.
What do you do when the seller won't come down on the price even though the comps don't support it?
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