John,

I think that is reasonable unlike what other realtors have stated. It will take a long time but something will click. My only concern would be your financing method.

Can you close quickly?

Here in philly you can pick up deals .50cents on a dollar. May take 200 offers but you can snag something. Now for some agents they may not want to do that but some agents work with investors and do this all day long.

You are being upfront and honest and I think as long as you disclose this and are loyal and a real buyer, it is a realtors choice if they want to work that way.

I bet that your market has dropped by at least 25% since this was written. So much for being insulting. You were just being forward looking.

what kind of formula is that!!! write your own offer, is my answer....get a form and write an offer...this is silly.....what if the house was 25% under valued...there will be 85 people writing intelegent offers and one will be smart enough to tie up the property to get in the door to take the next step, or not. ...that person will have made a great investment in a locaction area...and you will have waisted time while the interest rates go up 1/2 point!!!/// sorry to say john,,, this is not good thinking...try working with a person with years of experience and talant and still. someone that you can trust.....your 25% formula goes knowwhere...if you have done this many times, it means that your plan is not working...good luck... http://www.meridethhasson.com 30 years as an investor and realtor in the l.a. area..

I feel comfortable working with people who want a great deal.
Please feel free to call me at 818-224-0630
realestate4you@mac.com

"I want to offer 25% less then what the seller is asking." This is not a good approach to buying a home. The buyer needs to know the fair market price of the house and to make an offer based on that price. A good Realtor will know the price of the house based on current trends. Often the seller will not come to terms with the declining market and not price his home realitstically, however, some do price their homes to sell and to offer a fair market priced home 25% less would be insulting to the seller and the agent.

25%? That's it? You are not low-balling. Low-balling would be determining a value for a "normal" (buyers and sellers are even) market then offering less than that. 25% less is still generous given the current asking prices in CA. Given current market pressures, even a "normal" price is too high. Factor in how much more food and energy costs now and that leaves less people can pay for houses. Don't be influenced by asking prices - that's out the window now. Research historical trends in salaries, job growth and real estate. 25% off is overpaying.
Realtors will try to instill a sense of urgency in you over missing your market. Hold tight, time is on your side.

Hello John,

If you haven't already selected a Realtor, I would love to assist if you're looking anywhere close to my area. I'm also a real estate investor and don't have any problems with low ball offers. It's how investing works if you're good at it.

Jimmy

Hi John,

Hey, you are the client. My fiduciary duty is to you. Now what part of California do you want to start??

Talk to you soon,
Laarni

Hi John,

In what area of California are you looking to buy?

I am very comfortable making lowball offers with well qualifed buyers. Are you looking to buy in LA or Orange Counties?

Karen Miller

John, I am the Relocation Director for our five offices in Tuolumne and Calaveras counties in California, and it's my job to find the perfect Realtor when someone is searching in our area. Since I don't know which part of California you're looking in, can you let me know if it's our 2 counties, so I can help out?
Thanks! Peggy Nelsen