Profile picture for KitWBaxter

What does Make Me Move mean?

  • October 10 2009 - Rockridge
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Answers (8)

My experience in looking at what homeowners are asking at least her with Main Line real estate is that the homeowner is trying to get lucky and see if there is a buyer who will pay more than market price. If you are serious about buying and want to be sure you don't overpay it is always best to be represented by an experienced buyer agent and to look at actual listings of homes for sale.
  • July 10 2014
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Profile picture for wetdawgs
Hi Anna:  If you are a renter and your landlord has posted their home as "Make Me Move", then they may be considering selling it.

If you are looking for a rental, it is not being advertised as a rental so not worth your time to pursue unless there are comments in the description saying they may be willing to consider renters (it is very rare).

  • July 09 2014
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Profile picture for anna535
What does it mean as a renter?
  • July 09 2014
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Ellen gave you a very complete answer. Here are a couple of additions.
1. The make me move may include the notion that the seller has a minimum acceptable level, kind of like in an auction "reserve".
2. Different Agents will have different prices for the "listing", depedning on the sales strategy used.
3. Sell with seller financing if possible to avoid the appraisal.
4. Make sure you "request" a local apprisaer before having the appraisal done.

Good luck or happy hunting.
Antoine
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  • October 10 2009
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Profile picture for The Leonardo Group
Hi Kit,



It means "motivated seller" + "willing buyer" = Home sale. It basically implies that upon a certain value offer, seller will most likely accept offer thus making him/her move out of the property.
Cheers

Leonardo
  • October 10 2009
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Profile picture for Pacita Dimacali
"Make me move" is for property owners who want to know what their homes may be worth. They're also saying that the price they quoted may be enough of an incentive for them to sell, and therefore move.

They're "testing" the market, but may not be serious about selling. Rather, they just want to know how much their house can bring on the open market.

  • October 10 2009
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This particular phrase is a Zillow creation, here is the link:
http://www.zillow.com/postings/MakeMeMove.htm

In a nutshell, it was created as a motivation for people to set the price they would accept in order to sell their house.  

When a seller is dealing with a realtor, the seller needs to tell the realtor what price is acceptable.  It is the realtor's job to determine what that price is, and also whether that price is reasonable based on the comparables, recent solds for "like" properties.  If the price is not reasonable in the current local market, then it is the realtor's job to say , "no".   It is critical to understand that particularly in today's marketplace, if a buyer has a loan, the appraisal obtained by their lender is going to be a key factor, and may well be the deal breaker.   A seller may determine their "Make me move" price or acceptable price is for instance , "500,000",   and they may find a buyer willing to pay that.  However, if the property does not appraise, then the buyer is either going to have to bring some cash into the proceedings, or the seller will have to drop their price.  This is happening more often now.   A colleague of mine had a very nice property listed recently.   She received two full price offers, and after a bit of countering, the sellers accepted one.  The appraisal came in at $75,000 less.   The buyers challenged the appraisal, nothing changed, and they got another appraiser to come in.. similar lower price. These buyers could not come up with $75,000 cash, so dropped out.    The seller could not afford in this case to lower the price, and may not have been willing to anyway.   The back-up offer was then accepted, and their appraisal also came in lower.  The sellers have taken the house off the market, are renting it out and will try again next year.

  • October 10 2009
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Make them an offer they can't refuse.
  • October 10 2009
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