Home Buying in Hempstead>Question Details

New Homebuyer, Home Buyer in Nassau County, NY

Is it true that a seller can be so offended by my low offer that they refuse to sell to me at any price?

Asked by New Homebuyer, Nassau County, NY Sat May 26, 2012

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Debra (Debbie) Rose’s answer
They may be offended enough that they refuse to give you a counter offer....so that makes it a hindrace to negotiations.

But..........Make a higher or more reasonable offer, and I am sure any seller will come around, and be happy to sell you their home.

It's always more productive, however, to come in with an offer that an be substantiated with comps.

Good luck!
0 votes Thank Flag Link Mon May 28, 2012
When making offers it's always in your best interest to review recently sold similar properties in the immediate area, see what the data suggests and then determine a fair bid--oftentimes low offers really get nowhere fast; other potential buyers may exist/be arriving; therefore, if and when, you really a property always make your best offer within your means right from the start...
0 votes Thank Flag Link Mon May 28, 2012
sellers are people, just like you. Put yourself in their place. Do your research (or have your agent do it) and present your offer with logic.based on facts. A good buyer's agent is worth their weight in gold.
0 votes Thank Flag Link Mon May 28, 2012
Of course it's a problem. Once you've insulted the seller, it's very difficult to overcome that. The seller believes that either (1) you want to steal their house (2) You can't afford their house or (3) you're playing games. Please respectful of your offer, even if the home is grossly overpriced, there's a ton of homes for sale in Hempstead move on to the next one. If you appreciate the assistance and honesty of buyer's agent, give me a call.
0 votes Thank Flag Link Sun May 27, 2012
Absolutely! It doesn't happen often but it does happen. I had a neighbor once that did exactly that, and not only the original buyer but all the agents he sent afterward to offer a higher price were turned away with the answer, "we will not sell to you at any price". There was more to the situation than just an unknown buyer and an unknown seller. These two had a relationship prior to the sale so there was already an emotional attachment, but, they refused to sell to that buyer at any price and at the end of the day they got their price from a different buyer.
0 votes Thank Flag Link Sun May 27, 2012
I have heard of a situation where the seller rejected out right. When the buyer returned with a higher offer, he (the seller) countered above list price to prove a point. If a seller is not backed into a corner to sale and lets emotions take over, you may close off a deal with one low, insulting offer.

I agree with my colleagues, make an offer with consultation from you agent and in accordance with fair market value. Though low offers may work under certain situations, those situations are the exception, not the norm. And insulting an emotional seller can never set you up for a successful meet in the middle negotiation.
0 votes Thank Flag Link Sat May 26, 2012
New Homebuyer,
A lowball offer rarely nets the result the buyer wants. The techniques to being successful require using this under the right set of conditions with some rationale that doesn't apply in many circumstances.
If it isn't done right, with the right techniques under the right conditions, it could offend the seller that bad. There are better ways of accomplishing your goal in most cases. Listen to your agent or get one worth listening to for the best advice.
0 votes Thank Flag Link Sat May 26, 2012
Absolutely...selling one's home can be a very emotional experience. Ask yourself why you made such a low offer (your words) to begin with. Before you make your offer, do your homework by comparing sales of SIMILAR homes in the area. Then make your offer based on fair market value. A deal is made when both the seller and the buyer feel it is fair for everyone concerned.
0 votes Thank Flag Link Sat May 26, 2012
It shouldn't happen, but on occasion it does. Hopefully you have a buyer's agent that can guide you through the offer and negotiation process.

Tom Brady SFR, e-Pro, SRES, GREEN
Licensed Real Estate Salesperson
Notary Public, Ret. NYPD Lt.
631-682-8660
Tom@BradyFamilyRealty.com
http://www.BradyFamilyRealty.com
"We treat you like family!"
Charles Rutenberg Realty, Inc.
255 Executive Plaza - Suite 104
Plainview, New York 11803
0 votes Thank Flag Link Sat May 26, 2012
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