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Strike One?

December 23rd, 2007 at 08:27 pm

Today DH & I threw out a lowball verbal offer on a house we like. We were pretty sure we wouldn't get the house (we didn't), but we finally decided that we had nothing to lose by making the offer. To tell you the truth, I was more than a bit nervous about giving the builder's rep the offer. After giving myself a little pep talk and summoning my courage, I walked in to the sales office and presented the offer in a straightforward and respectful way, and the rep returned the favor by replying in an equally respectful way why the offer wouldn't fly. Smile He filled me in on some recent sales prices in the area. I left the house feeling better informed about the market than I was when I went in.[In case you're wondering where my Prince Charming was all this time, he turned chicken and decided to wait in the car!]

I guess you could call this "strike one" in our house hunt, but I actually feel fine about it because it was such a good learning experience. And it was a good reminder that it never hurts to ask!

We'll just keep looking and know that eventually we'll find a house that we like where the seller is willing to sell for what we are willing to pay. [The last house we bought, it was the fourth house we made an offer on. How long will we keep looking? As long as it takes.]

"Courage and perseverance have a magical talisman, before which difficulties disappear and obstacles vanish into air." - John Quincy Adams

5 Responses to “Strike One?”

  1. veronak Says:

    You're right it never hurts to ask but I can't help but wonder if you were not to sure of this house; it seems that way from your post

    good luck

  2. baselle Says:

    Good luck - folks who do lowballing tell me three things: 1. that the first bid you do is always the hardest
    2. if the seller accepts the bid right away, you've paid too much.
    3. officially, realtors HAVE to give the sellers any and all bids they receive.

    Builders are a bit different, but hey, you have to break the ice with someone. Big Grin
    Since you're a buyer with money, as the supply increases (houses sitting on the market) your position gets better and better. Eventually the realtors themselves get into the act because 3%/6% of 0 is 0.

  3. merch Says:

    I agree with Baselle. The first one is the hardest.

    I say if you like a house put in an offer you can afford. Worst case scenario: They say no and have a hissy fit.

  4. Ima saver Says:

    I agree. We will accept any offer if we can at least break even with the building costs. Also, you have to factor in the interest the builder had to pay to get the loan to build the house. In our case, i figure out how much interest we lost because the money was not sitting in the bank.

  5. katwoman Says:

    Not that I know much but.....

    You made the offer to the builders rep. This is not the same as the builder who might have given it more thought.

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