To all buyers out there....
Please listen to your realtors who make a living pricing, selling, researching values of real estate property. We do have your interests at heart. We're not in it just to sell you something. We want you to be happy because we are counting on you to tell your friends, your associates to look us up when it comes time for them to buy or sell real estate, too. That's what enables us to grow our business --- referrals from satisfied clients.
So when we tell you that your offer may be too low, when we tell you what the market comps are for the property you're interested in, when we give you information on how much the property sold for last, and what the appreciation (or depreciation) rate is, please believe us.
We tell you this so to guide you and to give you the proper tools to make an informed decision.
Thus, if a property is listed at $299K --- and the comps say that this is a fair value --- just because it's a short sale or REO doesn't mean you should offer $199K!
We want you to win, to invest wisely. We don't want you to waste your time looking everywhere, finding properties you want to write an offer on, and then losing out because your offer is too low, or your terms unrealistic. When you have a number of rejected offers on properties you wish you won, then maybe it's time to re-assess.
Thanks. 