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Reasons to make a low-ball offer

Reasons to Make a Low-Ball Offer

When you talk of low ball offer it is pertaining to a not common property in the real estate market since it is normally an unacceptable deal especially for sellers.  However, this is one ordinary thing in this industry that must be faced both by the two parties, sellers and buyers, who plan to enter into the real estate market.  When you make a low ball offer, you are usually stating a price for the house that is lower than the expected value of the seller.  This is where the concept of declining a low ball offer starts.  However, the existing result of the sub prime problem, the credit crunch and the current economic recession opened the doors for a lot of low ball home offers to happen.

You might be asking what prompted these low ball home offers to happen.  Well, the recent sub prime issues as well as the global economic condition are the two primary reasons for affecting the real estate industry.  The financial capabilities of the individuals are greatly moved by these factors. Hence, a lot of houses fall under the listings of foreclosure, short sale and other related categories.  Through this, low ball home offers are then preferred by the sellers to be able sell all their properties that have been sleeping in the market for a long time.  Ideally, this is not what sellers want to happen to their houses, but this is much better than not selling them at all.

Another factor that can result to choosing a low ball home offer is where the property is situated.  If the house is located in places which are not favorable to renovation or improvement in the future, then expect that your house will certainly have a hard time getting out of the list in the market.  Most home buyers are investing on houses that would look a lot better and helpful to them in the future.  Hence, houses that are situated on a not well developed area will definitely get low ball offers.

The market value will always have to depend on the actual condition of the property.  Apart from the location, it is the external and internal appearance of the house will help in identifying for the right market value.  This is basically the reason for sellers putting the necessary fixtures, renovation, repairs and decorating all areas of the house before selling it.  If there are structural damages found in your house, the perfect way for sellers to sell the house is to make low ball home offers.  This is better than not selling at all. 

If all the factors discussed earlier are present in your property, then your house will surely stay longer in the market list.  Once you are overstaying in the list, buyers and real estate brokers will give negative opinions on it and thus making it harder for your property to sell.

Overall, you will realize that low ball home offers happen because of the recent condition of the country.  There are several major factors that can trigger sellers to do this.  This is the best choice for them.  No matter how hard they bargain for the price, but the property has been sleeping in the market for a long time, they will still end up offering lower than the regular selling price.

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