A Low Ball Offer

A client recently stated: “I really like this house, I want to make a really low offer”.  Given all that we are hearing about the economy I understood where my client was coming from.  A lot of buyers feel that in a slower market you can purchase a home for a rock bottom price.  The truth of matter is the real estate market is very localized…a micro-market.  What is happening in your neighborhood doesn’t necessarily reflect what is happening throughout the city, the state, or the nation.  As a whole the market is slow, but on the Westside, sales have not plunged, and have not come down nearly as much as the people think.  If  you are considering making an offer on a home that you really like, you definitely want to make an offer that the seller will accept, or counter to.  You want the seller to respond.  Enlist a seasoned realtor who will help guide you through the process, and help you determine what is a reasonable offer.  There are many factors to consider when making an offer.  More on this topic if you want to askportiapark.com.