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Ron Hutchins' Blog

By Ron Hutchins | Broker in Harpswell, ME

I lost my dream home - because I didn't make an offer!

I've heard this more than once or twice... "I would have bought it for that price!". If you find a home that you would really like, but think it may be over priced or you you don't want to offend the seller with a low offer, think again.

Some sellers will build in a little "wiggle room" into the price for negotiations. I believe that if you can justify your offer with facts such as recent comps (similar properties that have sold or are currently listed in the area for a price close to what you are offering)  or if the home needs repairs and maintenance that need to be addressed beyond cosmetic (paint & carpets) you should make an offer reflective of those items. If you can justify it - Make the offer.

I see sellers list their property for what they want or what they need to get out of the property and it has no relationship to the market at all. In many cases, it's simply over priced - that's it. Generally after several showings and no offers, the seller starts to question...Why? Hopefully his/her Realtor will be honest with the answer.

Sometimes it's just a matter of timming. The seller is tired of strangers going through the house. Maybe they have a deadline to report to a new job. You never know and that's the point I'm trying to make... You just never know. Don't miss out on the house of your dreams because you didn't make an offer.


By Rick Jackson,  Sat Mar 17 2012, 14:16
Well said. Just do it. If you want it, go for it.

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