Things to remember when you make your initial offer
- A low offer* may offend a seller. An offended seller may minimize their room for negotiation
- A large difference between your counter offers may indicate to the seller that your offer was based more on what you thought the seller would accept vs. what the house is worth. Again, this could give away negotiating leverage/position.
- Consider each details of the contract separately when negotiating. In other words, the price is not the only negotiable detail. The closing date, As-Is clause, amount of earnest money, etc. can all be used in negotiations.
- Remember RLTR MBAs Milk Purchase vs. House Purchase
* A low offer is not based on what the property is offered at, but rather what the property really is worth. Let YOUR GUY pull up the comparables to help justify the price of the property.