For example I often check the mortgage amount .
If you're offering 1/2 of the mortgage, it probably would not work.
Is there something else at play?
Is the house different?...more upgrades...more land, etc?
My advice is: pick on houses that you can actually buy. Don't get hung up on the idea that you can persuade an unreasonable seller of True Market Conditions. Pick out a house that you can buy, close on, and be happy with.
All the best,
It is very likely yours will not be the first offer below list price received.
Just down the street from me is a home priced $200,000 above what it will sell for.
The 3,000+ days on market clearly indicate there is another game in play.
Don't take it personal or expect the seller to justify their price. What you can do is start the conversation with a written offer, then move on.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, Fl
A good written offer, based on a comparable market analysis will begin a meaningful conversation. Data is data, facts are facts, eventually the seller will either realize they are over the market or they will decide to stay and not sell.
I advise seller's that no offer is an insult, it may not be worthy of a full response, but someone likes your home well enough to want to buy it. I don't always advise a counter offer if it's just ridiculous, but I'd rather have the offer. Often one offer leads to another.
My advice is to write the offer, back it up with the facts and see what happens.
You do not know what the seller will do and the listing agent must present all offers to the seller unless they are instructed not to take certain offers.
It may also open discussion to negotiate the sales price. You have to make an offer to get anything going in this business. Its the starting point. In addition you should make offers where you need them to be to work for you.
Make it a Great Day!
Tamika A. Goree
Broker | Owner
The DFW Property Shop