Special offer

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Rainmaker
846,475
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Sure all the time. I submit it.

Apr 15, 2016 10:00 PM
Rainmaker
1,624,653
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

All buyers want to buy cheaper and all sellers want to sell for more. They all try. 

Apr 15, 2016 05:14 PM
Ambassador
1,456,519
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

I have both written and received offers that were considered "below market value".  

Some have been accepted and others not.  I do not ever ask my Sellers what their bottom line is because I know things like that change on a daily basis due to issues I'll never be a part of. 

We are required to present all written offers and let the involved parties make the decisions.

Apr 15, 2016 11:59 PM
Rainmaker
637,484
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

Yes, and I don't remember any of them coming out well. I tell my clients that but if they still insist, then so be it. Often they need to lose out of some properties before they learn their lesson.

Apr 15, 2016 04:48 PM
Rainmaker
1,505,713
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

All the time.  I submit it.  Sometimes the seller will bite.

Apr 16, 2016 06:46 AM
Ambassador
2,684,569
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     An investor had me offer 60-65 cents on the dollar on about two dozen potential rental houses that he picked out of the MLS sight unseen (cash, subject only to inspection and clear title).  

     I emailed the offers, with a brief explanation that it was strictly business, nothing personal, either accept or reject / no counters please. 

     We had several takers, and closed on those houses. 

Apr 16, 2016 04:13 AM
Rainmaker
1,055,922
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Sure. Depends on the property and strategy for acquisition. We never know what's doable. That investor must be willing to walk away because I do not want to hear whining that the property was lost to them when they insulted the seller, though.

Apr 16, 2016 02:20 AM
Rainmaker
2,221,377
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I drafted the offer and called the listing agent ahead of time to give her heads up.

Apr 15, 2016 10:31 PM
Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Paul. I have been the one that has made offers below market value. Have ended up getting many of the offers, cash really helps.

Apr 15, 2016 10:03 PM
Rainmaker
1,325,299
Donald Urschalitz
Lubeck Realty Group - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

If this is a constant habit with a low baller I require a fee to submit low low offers to sellers. Most of the time they decide to find someone else that has the time to waste.

Apr 15, 2016 09:39 PM
Ambassador
1,028,853
Mimi Foster
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor

I am much more likely to fire or refer a client who thinks this is the acceptable way of doing real estate. It's not my style and it is my reputation, and my experience has always been that it's a total waste of time. Next!

Apr 15, 2016 09:28 PM
Rainmaker
3,626,972
James Dray
Fathom Realty - Bentonville, AR

Paul, wrong approach to hit me with a demand.  Even my wife knows not to demand me to do anything.  Having said that, it would be my decision to either present the offer or fire the clients, done it before.  

Apr 15, 2016 09:08 PM
Rainmaker
582,106
Eric Kodner
Madeline Island Realty - La Pointe, WI
CRS, Madeline Island Realty, LaPointe, WI 54850 -

Our license law requires us to present all offers. We give advice, but some buyers still feel they have to try.

Apr 15, 2016 09:05 PM
Rainer
274,109
Curtis Evans
Cabin Realty LLC/ USA, Licensed in Louisiana - Golden Meadow, LA

If the offer is too low, a lot of sellers here take it as an insult and will tell the buyer to take a hike and reject the offer. I ask the buyer to reconsider before going too low ball.

Apr 15, 2016 08:01 PM
Ambassador
5,059,654
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's only happened a couple of times. I share what I know about the market data and my best assessment relative to the asking price, but if they want to make an offer knowing all this I will do it. It has yet to be successful

Apr 15, 2016 03:43 PM
Rainmaker
5,876,468
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

In our current market it won't fly, but in past years I have had clients submit very low offers.   Sometimes it works if it is a buyer's market.

Apr 17, 2016 11:55 PM
Rainmaker
765,973
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I don't need to write any offer or work with any buyer or seller.  Rookies love writing offers, I did it then too.  I will write a lowball offer if the buyer is willing to negotiate and understands the current market value.  I've written offers $80,000 below market value on a $900,000 home and ended up with a deal at $865,000.  We need to decide whether the buyer is a buyer or not.

Apr 16, 2016 06:08 AM
Rainmaker
5,583,328
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

we're listing agents, but we have received many like that when it was a buyer's market.... we were thankful to receive it and we worked it until there was nothing left to work...then it's take it or leave it to the seller.... 

Apr 16, 2016 04:06 AM
Rainmaker
2,194,668
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

I am required to submit all offers by the nature of having a real estate license, so a demand is rather abrasive. If I have reason to believe the seller can obtain the price the seller wants, I will suggest that the seller either ignore the lowball or counter it; and that process covers about 99.9% of my transactions.

Apr 16, 2016 01:39 AM
Rainmaker
5,236,839
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes, and the results were what I predicted, no response!

Apr 16, 2016 12:43 AM
Rainmaker
7,861,183
Roy Kelley
Retired - Gaithersburg, MD

You submit the offer.

Apr 16, 2016 12:08 AM
Rainmaker
469,510
Dan & Laurie Pittsenbarger Team
Keller Williams Western Realty - Bellingham, WA
Lakeside & Coastal Single Family Homes

Yes. I spend some time on education and stats and how going way below market value will most likely result in them having to pay more or help the seller choose another offer. If that fails, simply write it and present it. Of course there are clients that I have recommended that they find another agent to work with.

Apr 15, 2016 11:53 PM
Rainmaker
1,727,956
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

We must submit it per our agency and state licensure requirements.

Apr 15, 2016 11:47 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Yes,

It was rejected.  A

Apr 15, 2016 11:45 PM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I submit all offers.

Apr 15, 2016 11:08 PM
Rainmaker
5,024,919
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I think we all have..just submit it!

Apr 15, 2016 11:01 PM
Rainmaker
823,679
Susan Laxson CRS
Palm Properties - La Quinta, CA
Realtor in San Diego, CA & Naples, FL

Yes, many times and I submit it per their request.

Apr 15, 2016 10:54 PM
Rainmaker
634,532
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Not so far below that we didn't get a counter offer. I am know as a strong negotiator and strategist, particularly with my investor-clients. I have fired buyer-clients that are unrealistic and keep wanting to get a million dollar home for half price.

Apr 15, 2016 06:54 PM
Rainmaker
1,157,791
FN LN
Toronto, ON

It can be part of a negotiating strategy that may or may not work depending upon both parties.

Apr 15, 2016 06:28 PM
Ambassador
6,414,578
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I have submitted many of them, and sometimes they are successful.

Apr 16, 2016 02:21 PM
Rainmaker
4,319,773
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Paul - simplest thing is to show comps. 

They will learn it after losing couple of homes they really love.

Apr 16, 2016 02:13 PM
Rainer
321,564
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

No, If I did.. I would write and submit it.

Apr 16, 2016 01:43 PM
Ambassador
3,740,884
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Yes, and I submit it.  And once in a great while, it works.  Go figure!

Apr 16, 2016 12:09 PM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

My clients don't have to threaten me...I present all offers...only makes them see their wrong way of thinking

Apr 16, 2016 12:00 PM
Rainmaker
3,988,013
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

After having a conversation about the possible repercussions of making such a low offer I will follow the clients instructions.

Apr 16, 2016 11:11 AM
Rainmaker
1,771,867
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

We are at the mercy of the client we take on as our boss. If it happened multiple times I may fire the client for wasting my time but hopefully they learn and submit offers that are reasonable.

Apr 16, 2016 08:25 AM
Rainmaker
5,111,160
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Yes. I submitted the offer after telling him it wouldn't be accepted. It wasn't. After his wife beat him up, he wasn't so stupid the next time we made an offer.

Apr 16, 2016 07:32 AM
Rainmaker
4,581,210
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I don't work with "demanding" clients - at least not for long .I have submitted offers below list price for many clients.  There have also been many examples of properties selling far below/far above what I consider "market value" --- I believe those are often called the most recent comps until something else closes.  Knowing the inventory and being able to explain the numbers establishes our personal "market value".

 

Apr 16, 2016 12:20 AM
Rainmaker
2,784,266
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Anyone who thinks like that is HIGH maintenance to be sure. You want to play to win...not draw or chase around your tail. Waste of time & money

Apr 16, 2016 12:11 AM
Rainmaker
632,635
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

If the offer is one that is ridiculously low I suggest writing an LOI

Apr 15, 2016 10:51 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I submit, get rejection then cut the buyer lose.

Reason one: DEMANDS OF ME !!!!

Reason two: Ignores professional advise

Reason three: does not value my time

 

Apr 15, 2016 10:28 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

It's part of the "discussion" at the time they sign the Buyer Broker Agreement, and covered in our Addendum to that Agreement!

Apr 15, 2016 10:10 PM