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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Do you go view homes that you feel are OVERPRICED, based on comps?
Do you go see something that you believe is overpriced \?
Will you see it if it's overpriced but still in your price range? Will you see it if it's overpriced but now currently OUT of your price range?
Or do you wait for it to come down?
I never know what to do....see it or wait to see if they come down. How do you know if a seller might entertain even a much lower offer but was just aiming high? KWIM?
Message edited 6/30/2010 9:51:34 PM.
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Posted 6/30/10 9:47 PM  |
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Charly
LOVE!
Member since 5/05 12578 total posts
Name:
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
I ALWAYS look. I love to look. I always make an offer *I* feel is fair. My friend fell in love with a house that was OUT of her range, made an offer and got it for $80K less than listing. You just never know in this market!!!
Good luck 
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| Posted 6/30/10 9:53 PM |
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laurabora
LIF Adult
Member since 4/07 2712 total posts
Name:
Laura
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
Yes, I do. If it is truly overpriced, it will sit on the market and if they want to sell it, they will eventually bring down their asking price. Then you'll be ready.
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| Posted 6/30/10 9:58 PM |
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julz33
i run for bacon
Member since 5/05 20584 total posts
Name:
julz
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
Yes, go see it and make an offer you think is fair. You know my story.  You have nothing to lose!
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| Posted 6/30/10 10:00 PM |
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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
Posted by julz33
Yes, go see it and make an offer you think is fair. You know my story. You have nothing to lose!
You are right.
But what if the listing agent is also the owner?  I can imagine they may get highly offended and it might awkward but I guess that's the way it goes.
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| Posted 6/30/10 10:13 PM |
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JandJ1224
Member since 6/06 5911 total posts
Name:
Jannette
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
When we were looking I would check to see how long a house was on the market, based on that I would either see it or not, if was listed for long time at high price no adjustments I wouldn't waste my time
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| Posted 6/30/10 10:15 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
I'll look at it, but if it's way overpriced... i'll look at it and then wait for the price to drop.
Since you probably won't get anywhere with a lowball in these cases, you are better off waiting for the seller to come down in price which brings your negotiating numbers closer.
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| Posted 6/30/10 10:41 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
Also if the price doesn't drop in a few months and it's still on the market, that is a seller that is just putting a "feeler" out who has no intention on lowering their price. So I would move on.
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| Posted 6/30/10 10:42 PM |
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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
Posted by ave1024
Also if the price doesn't drop in a few months and it's still on the market, that is a seller that is just putting a "feeler" out who has no intention on lowering their price. So I would move on.
House was ALSO on last summer,for about 2mths, then taken off. Clearly a feeler. So not sure if I even should see it.
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| Posted 6/30/10 10:46 PM |
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Sweetlax22
LIF Adult
Member since 5/10 1904 total posts
Name:
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
Our REA always said , if you like a house that is over priced always make an offer of what you think is a fair price. This way when they sellers have a reality check you will be in the game.
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| Posted 6/30/10 11:47 PM |
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hanna7636
LIF Adult
Member since 8/06 921 total posts
Name:
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
We looked at prices out of our range. All of them sold close to the listing price (fully done houses not fixers uppers). We got our house (fixer) $30,000 less than asking price.
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| Posted 7/1/10 6:39 AM |
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Nik211
my little monkey<3
Member since 5/08 3303 total posts
Name:
Nik
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
we did, but it never worked out...
i was really getting to know the market where we were looking so if i saw something that i knew was priced too high i would have my realtor look at it and then she'd call the seller's realtor to see if they were realistic and if it was worth looking at..lots of times the sellers agent would say yes, i know they are overpriced i can't get them to come down and we wouldn't bother looking...
one particular house the REA said yea, come, and then we made an offer and it was a waste of 2 weeks of our time with offers and counter offers....a year later that house is STILL on the market priced to high 
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| Posted 7/1/10 12:15 PM |
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Aries14
Can't plan life...
Member since 8/08 2860 total posts
Name:
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
we looked at one house over our budget - turned out to be the one we bought. It had an apartment that wasnt listed.
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| Posted 7/1/10 1:12 PM |
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clwp
Love my girls!
Member since 10/06 2114 total posts
Name:
mommy
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
Posted by Sweetlax22
Our REA always said , if you like a house that is over priced always make an offer of what you think is a fair price. This way when they sellers have a reality check you will be in the game.
I need a realtor like that. There were 2 homes we looked at and the realtor's said don't make offers lower than XYZ or an offer as low as ___ will only anger the owner. Meanwhile the homes needed a lot of work. Just interesting to see the different point of views out there.
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| Posted 7/1/10 1:14 PM |
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maybesoon
LIF Adult
Member since 9/09 5981 total posts
Name:
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
I go see and offer what I personally think the house is worth. the seller can decide whether to take it or leave it. I also don't pay much mind to the comps If I LOVE a house I may offer more, if It needs work, I will offer less
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| Posted 7/1/10 5:33 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
Posted by clwp
Posted by Sweetlax22
Our REA always said , if you like a house that is over priced always make an offer of what you think is a fair price. This way when they sellers have a reality check you will be in the game.
I need a realtor like that. There were 2 homes we looked at and the realtor's said don't make offers lower than XYZ or an offer as low as ___ will only anger the owner. Meanwhile the homes needed a lot of work. Just interesting to see the different point of views out there.
what???? I would never tell anyone not to put an offer in just to not anger the seller
that's crazy.....
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| Posted 7/1/10 6:16 PM |
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Cheeks24
Living a dream
Member since 1/08 8589 total posts
Name:
Cheeks
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Re: Do you go view homes that you feel are OVERPRICED, based on comps?
We did and most of the time the case was the homeowner owed that much on their mortgage and couldn't take less. There was just no way we were paying what they were asking. We eventually found our home!
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| Posted 7/1/10 10:23 PM |
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