Offers Y?

A few weeks ago someone asked me why do people not buy a home at listed price? Why do people like to negotiate. This person was aggravated at Realtors for offering an offer. This is not uncommon for Lister's to wonder why people offer lower prices on their homes.

This has been an issue forever some houses are listed at what the home is valued at that time, however, other homes are listed way over price...and today with the market having so much inventory some are listed at lower prices because they are just doing what they need to do to sale. Don't you always think your house should be worth more. Just a thought its the place with your memories that's worth a value.

However do know that if you do not present an offer to your listing agent no matter how ridiculous the offer is you could loose your real estate licence's that is serious repercussion if you are just worried about a person getting mad or loosing a listing. Even if its oral who knows how well that would hold up in court because its a he said she said thing but still its law.

I feel I have been fired before because I have told someone oral offers and the Lister gets excited about it and then the buyer changes his or her mind. That is besides law reasons why in writing is so much better.

Discussing this with another Realtor they said they see it as when you buy a car you just don't offer the listing price you negotiate your you go some where else. Or when you are the buyer of real estate don't you want a deal..I said yes that is a great way of explaining. The question why do people asked you for less than the listed price. Just to start a negotiating.

When making an offer really look at the area of what has sold or in our area sometimes it has been a while for a certain area to sell but you can still do comps to get a great idea of what something is worth or pay up front for an appraisal like a client has done before and say this is my offer. (of course markets where real estate sells once on the market this might not work) But this way you know for sure what the correct price is and most people will take that with out a question.