This question was posted July 20, 2007. I would hope by now the the person has her questions answered. Realtors are supposed to sell homes for the highest price possible in the shortest amount of time, with the fewest problems possible that the local MARKET will bear.... more
Submitting low offers is not a favorite practice of mine and most times it is either countered back with just a few dollars off the seller's original asking price or out right rejected.
If you wish to keep them non-confrontational then I suggest that you simply submit them to the listing agent along with the recently sold comparables to support your low offer. I believe that it's a good practice to go over the comps with your buyers before placing an offer so that they have a better understanding of what to expect. Most sellers have gone over the same data with their agents so know a low offer when they see one.
Often times it's a waste of your and your buyer client's time to submit a low offer if they can't be realistic on the property's true worth. There's also the possibility of another buyer coming in with a higher offer thus being beat out to purchase the home.
Good luck to you!
Prudential Connecticut Realty... more
Your new mortgage might be contingent on you selling your present home so I would check with your mortgage broker first. If you were my client I wouldn't advise buying without selling first if you can't afford the possibility of two mortgages. If you want to move ahead with a new home make sure the home you are selling is priced correctly.... more