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what you and goldenlove don't seem to recognize is that you have bluffed as well. And the Seller's called it. And you didn't counter back, indicating "yep, we were just bluffing".
Anything that you've communicated about the listing agent's perception of value indicates they are well aware there's no basis in reality for their price. Recently, you've indicated your perception of value has been increased by some other comp. So either take your best shot, or accept that they are one of the sellers, and possibly one of the agents, that doesn't care if the house ever sells. They're waiting for their unicorn buyer that frankly doesn't even know better or has so much money they don't care because THIS is the house for them.
There's not an intelligent and professional Realtor alive that gets offended by an offer UNLESS it is accompanied by "we love the house, but this low amount is all we can afford."
Or maybe they need $x amount to move onto their next step. Maybe listing realtor has something for owners to buy if they get $x amount.
what you and goldenlove don't seem to recognize is that you have bluffed as well. And the Seller's called it. And you didn't counter back, indicating "yep, we were just bluffing".
Anything that you've communicated about the listing agent's perception of value indicates they are well aware there's no basis in reality for their price. Recently, you've indicated your perception of value has been increased by some other comp. So either take your best shot, or accept that they are one of the sellers, and possibly one of the agents, that doesn't care if the house ever sells. They're waiting for their unicorn buyer that frankly doesn't even know better or has so much money they don't care because THIS is the house for them.
There's not an intelligent and professional Realtor alive that gets offended by an offer UNLESS it is accompanied by "we love the house, but this low amount is all we can afford."
I recognize it just fine. You might want to go reread my comment. I said IF the seller was bluffing, I didn't say they were. It was just an analogy...
My realtor just texted me that a house that's been on the market in the same area for a long time sold at 26% below original list.
This could be very good for you, depending on how similar the house and its location are to your dream house.
Is this located near enough to your dream house that you will be able to use it as a comp to entice your sellers to accept a lower price? Is it similar in square footage, or number of rooms or build quality, lot size and features?
When you write "same area," do you mean it is the same zip, or at least the same city? Or is it just "adjoining" city or adjoining zip or further?
Did you see this house yourself? Did you consider it?
This could be very good for you, depending on how similar the house and its location are to your dream house.
Is this located near enough to your dream house that you will be able to use it as a comp to entice your sellers to accept a lower price? Is it similar in square footage, or number of rooms or build quality, lot size and features?
When you write "same area," do you mean it is the same zip, or at least the same city? Or is it just "adjoining" city or adjoining zip or further?
Did you see this house yourself? Did you consider it?
My town is kind of divided into East and West. But same town, same zip. Both of these on are on the same side. House has a much bigger lot, double in fact. Year built is much older but they have done some renovating. We did look at it. We didn't really like the house. It was more contemporary than our taste. Lot's of functional obsolescence.
I am guessing whoever bought it will tear it down. The value is mostly in the lot. But 3 years ago, I think it would have sold at full list or near it. The agent who was on the buyer's side was my seller's agent.
It's like a game of poker and one player bluffs. Sometimes that bluff works, sometimes it doesn't. Right now, if the seller is bluffing, it's not working. Grlzrl has called it and they aren't budging right now.
You know, I've been watching a home for almost 3 months, have visited it twice (we are 4 hours away) and would love to live there, but they are way overpriced and I don't want to insult them by lowballing by $50-75K, so we are looking elsewhere. I don't want to waste their time or ours when there are other houses out there that are priced correctly that we can be moving forward on.
It's not a waste of time if you are willing to move on if they don't bite. All it is is paperwork and a day or two (put a time frame on your offer). The seller either accepts, makes a counter, or refuses. Nothing ventured nothing gained.
It's not a waste of time if you are willing to move on if they don't bite. All it is is paperwork and a day or two (put a time frame on your offer). The seller either accepts, makes a counter, or refuses. Nothing ventured nothing gained.
We are 4 hours away from where we are looking to purchase, that makes things a bit more complicated.
That's another reason we're looking at a couple of other places on our next trip to that area. We can decide if we want to risk losing one of them because we like this house and will be offering less, or if we'll just move on and offer on another place that fits what we're looking for.
We are sort of limited in our pool of homes because we have a home based business. Many homes that meet our criteria of floorplan and property have HOAs that restrict home based businesses, so we either need to go with no HOA or verify the covenants prior to viewing the home. That's the main reason it's taking so long for us to find the right place.
My town is kind of divided into East and West. But same town, same zip. Both of these on are on the same side. House has a much bigger lot, double in fact. Year built is much older but they have done some renovating. We did look at it. We didn't really like the house. It was more contemporary than our taste. Lot's of functional obsolescence.
I am guessing whoever bought it will tear it down. The value is mostly in the lot. But 3 years ago, I think it would have sold at full list or near it. The agent who was on the buyer's side was my seller's agent.
Two things stand out to me:
1. Just because this other house sold for "26% below original list" doesn't make it a good comp. You said
the lot is bigger, but did not mention the house s.f., so reading between the lines, I am guessing the
newly sold house is significantly smaller than your dream house.
2. The seller's agent appears to be a very good negotiator, which is good and bad for you:
a. It's bad for this particular house (the dream house), as she is the adversary.
b. She did a very good job for her buyer, so if you ever give up on your current dream house,
she could be a good buyer's agent for you to get a good price on another high-end house, IF
you think you and she would work well with each other.
I recognize it just fine. You might want to go reread my comment. I said IF the seller was bluffing, I didn't say they were. It was just an analogy...
so you don't think OP was bluffing?
If what you took out of the sentence that ended with "as well" was insult or any accusation of ignorance on your part, then I'm sorry that's how you read it.
The point is that the OP bluffed. The Seller (may have) bluffed when they put the list price on the home. But not in their response to the offer.
And the larger point is that yes, at some point it might become patently obvious that the Seller isn't actually motivated to sell, only to get a certain price. But the OP hasn't figured that out yet.
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