How to know where value lies today
- Thread starter irvinenative1995
- Start date
NEW -> Contingent Buyer Assistance Program
Maybe this market you can%u2019t make deals. But when the market was not hot. Some do not want to make deals.
I feel like with the attitude that they give or non response. That they lose money when they make an offer for a customer. (We do not care how agents will look at you, the customer should be the concern.)
Even though it is a basic template that they use. Lol
Some sellers are not countering - they are just accepting the best offer in the stack. About 1/3rd of the homes I've offered on did that, with no warning ahead of time.
I'm seeing the same thing...about 1/4 of the time the seller just takes the highest offer off the bat, other 1/4 of the time they only counter the top buyers with best and final counters, and about 1/2 of the time best and final counters are sent to all buyers (this is what I do because you never know if the buyer low balled off the bat and is willing to pay significantly more for the home).
And this is why I tell my buyers to go in strong with their initial offer.
That's because most agents are passive and/or lazy. I love negotiating whenever I can. Heck, I helped a buyer purchase a new Lennar home at Serrano Summit recently, and even though the sales person said Lennar doesn't provide any discounts, I was able to get my buyer about $8,000 off (between price reduction and 1-year paid HOA). You never get what you don't ask for.
Sry you had bad agent experience before but any good agent I know lives to haggle that price down and the pride of getting a good deal for their buyer. A happy buyer means future and referral business.
+1 Couldn't have said it better myself. The better my clients do, the better I do.
This home will close somewhere in the mid to high $800s. Anything $900k is too much in my opinion. Bid whatever you are comfortable with would be my best advice. If you get it great, if not then on to the next home. Don?t bid against yourself. What is your agent advising you to offer?
If that was the case, I would have bid $900k for it. haha No, it's a shared driveway with the other detached home to the right.
Hit the quote button and write in below the "[/quote]" part.
eyephone said:
Maybe this market you can%u2019t make deals. But when the market was not hot. Some do not want to make deals.
I feel like with the attitude that they give or non response. That they lose money when they make an offer for a customer. (We do not care how agents will look at you, the customer should be the concern.)
Even though it is a basic template that they use. Lol
potsticker
Active member
nosuchreality said:
Some sellers are not countering - they are just accepting the best offer in the stack. About 1/3rd of the homes I've offered on did that, with no warning ahead of time.
usctrojancpa
Well-known member
best_potsticker_in_town said:
I'm seeing the same thing...about 1/4 of the time the seller just takes the highest offer off the bat, other 1/4 of the time they only counter the top buyers with best and final counters, and about 1/2 of the time best and final counters are sent to all buyers (this is what I do because you never know if the buyer low balled off the bat and is willing to pay significantly more for the home).
And this is why I tell my buyers to go in strong with their initial offer.
My favorite was when my place was sold in excite with a back up offer. The agent had the property open to show. Even though I complained multiple times to take away the lockbox and for sale sign. Because for some reason the lights were always left on. (We did not live there when we sold it.) Some people said they used my place to build relationships with other agents aka reach out. Blah blah
For the future: I guess I will have to put it in the buyer and agent contract.
For the future: I guess I will have to put it in the buyer and agent contract.
usctrojancpa
Well-known member
eyephone said:
That's because most agents are passive and/or lazy. I love negotiating whenever I can. Heck, I helped a buyer purchase a new Lennar home at Serrano Summit recently, and even though the sales person said Lennar doesn't provide any discounts, I was able to get my buyer about $8,000 off (between price reduction and 1-year paid HOA). You never get what you don't ask for.
Dr. CA Real Estate
New member
eyephone said:
Sry you had bad agent experience before but any good agent I know lives to haggle that price down and the pride of getting a good deal for their buyer. A happy buyer means future and referral business.
usctrojancpa
Well-known member
Dr. CA Real Estate said:
+1 Couldn't have said it better myself. The better my clients do, the better I do.
irvinenative1995
New member
Hi all - thank you for the feedback. These comments have been super helpful (though we are still unsure of how to respond to the counter and the deadline is in just a couple hours). For reference, the home I was referring to is this home:
https://www.redfin.com/CA/Irvine/31-Potomac-92620/home/4782986
Would love to hear all your thoughts on the property.
https://www.redfin.com/CA/Irvine/31-Potomac-92620/home/4782986
Would love to hear all your thoughts on the property.
potsticker
Active member
I walked through this one. Did not make offer.
It's a nice space and shows well. Can't complain about the area and no MR, low HOA are definitely plusses too. The fact that inventory is low for detached 3 bedrooms in 92620 (ahem Northwood HS ahem) is pushing pricing up. I can definitely see that there are multiple interested parties.
It's a nice space and shows well. Can't complain about the area and no MR, low HOA are definitely plusses too. The fact that inventory is low for detached 3 bedrooms in 92620 (ahem Northwood HS ahem) is pushing pricing up. I can definitely see that there are multiple interested parties.
usctrojancpa
Well-known member
irvinenative1995 said:
This home will close somewhere in the mid to high $800s. Anything $900k is too much in my opinion. Bid whatever you are comfortable with would be my best advice. If you get it great, if not then on to the next home. Don?t bid against yourself. What is your agent advising you to offer?
usctrojancpa
Well-known member
WTTCHMN said:
If that was the case, I would have bid $900k for it. haha No, it's a shared driveway with the other detached home to the right.
nosuchreality
Well-known member
3/3 Detached without a lot of dead space. Third bedroom looks pretty tight which is common but easily lasts a kid until middle school. Overall though looks good, nothing screaming out needing update or fix.
Tough price point, lots of Irvine homes at this price point have notable blemishes that this doesn't. No shared walls. Now HOA, no MR, kitchen, baths or floors in pretty clear need of update, or cheaply done update already in. It is however, the price point everybody and their uncles seems to be swinging their bats at.
Is that turquoise door HOA legit?
Tough price point, lots of Irvine homes at this price point have notable blemishes that this doesn't. No shared walls. Now HOA, no MR, kitchen, baths or floors in pretty clear need of update, or cheaply done update already in. It is however, the price point everybody and their uncles seems to be swinging their bats at.
Is that turquoise door HOA legit?
irvinenative1995
New member
It is a detached property. Good sized yard for this price point in Irvine as well.. We ended up writing a counter that is something along the lines of "Buyer to offer $2,500 over highest offer, not to exceed x" and we brought our x up approx. 10K.. Not sure we will get it.. But again, it's a 3 bed detached in Irvine. It won't end up being a bad investment... Eventually.
irvinenative1995
New member
nosuchreality said:
irvinenative1995
New member
Ok... I'm obviously new to this/don't know how to reply to comments..
usctrojancpa
Well-known member
irvinenative1995 said:
Hit the quote button and write in below the "[/quote]" part.