How low should you go?
With all of the foreclosures and short sales on the Denver MLS right now, the game really has changed. In a seller’s market, you can sit back and wait for multiple offers to roll in, and often get more than your asking price for your property.
In today’s buyer’s market, buyers have to know how to write offers that will open a conversation with the lender who now owns the property. Most of the time, the listing agents who are representing these properties have so many deals working they can’t keep them straight – so it’s important to remind them, even after you have submitted a decent offer, if you are paying cash, if you aren’t asking for any concessions, if you are truly buying the property “as-is”, because, even though the Listing Broker will say that they have no influence on the speed at which a lender processes an offer, I have found that keeping yourself in their inbox and on their voice mail – and at the top of their pile of messages, really does make a difference.
If you are working with a Buyer’s Broker who is afraid to bother the Listing Agent, or a Listing Agent who is afraid to bug the lender, deals can take an insane amount of time to process.
So, sorry to all of the brokers out there who I harass with multiple messages and emails, but it seems to be paying off for my clients with closed deals at way less than list price – and that’s my bottom line.
One Responseto “How low should you go?”
Leave a Reply
Connect with us
I found your site via Google while searching for agent arvada colorado estate real and your post regarding ow should you go? | Denver Real Estate Blog looks very interesting to me.