In the cities of SOUTHERN CALIFORNIA like Downey, Norwalk, Lakewood, Bellflower... If a home is listed around

Asked by Fox Blake, 90650 Sun Aug 10, 2008

300,000...How much offer?
would you willing to submit? I read before that less than 10% was acceptable, but most of the homes listed around 300k are sitting more than 60 days, would it be possible to offer a price around 15%-20% off the listing price?

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Monique & Joe…, Agent, Beverly Hills, CA
Sun Aug 10, 2008
Hello Fox,

I would run the comps first. I think a low-ball offer is anything greater than 10-15% depending on the amount of days on market. The agent also needs to take into account seller motivation. If it has been on the market 60 days you need to take into account if it has had a reduction too. 60 days isn't that long. If they aren't motivated there isn't a guarantee they will take it but if there are enough houses you are considering, eventually someone will.

Best,

Monique Carrabba
The Reavis Group
mcarrabba@kw.com
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