Real Estate Blog for Arlington MA Real Estate, Somerville MA Real Estate, Medford MA Real Estate, call Accredited Buyer Agent Greg DiGiorgio 617-233-4530, RE/MAX Leading Edge Arlington MA for a buyer consultation or a customized marketing program for your home.
I have been a Realtor in the Greater Boston area for almost 6 years now. My focus is North of Boston with a concentration in Arlington, Medford, Cambridge, and Somerville.
One thing I have learned over time is that making low-ball offers often
leads to disgruntle and insulted sellers, and discouraged buyers.
Over time as a buyer if your offers keep getting rejected its almost
impossible not to feel this way. Keep in mind that every situation
that you encounter is different. Every seller has a different
motivation and reason for selling. Some houses you will get a 3%
discount, some 10%, and some none. If a house started out really high
and has been sitting around for 6 months or more then you may be able
to through them a low number and see what happens.
If a
house came on less than 30 days ago and was not so over priced to begin
with, and maybe already had a price reduction, the sellers may
be inclined not negotiate with you as much. You may even pay over
asking in some situations. Oh yes, it’s still happening! Especially
in the Arlington, MA
Real Estate market. Houses are coming on at aggressive prices and are
receiving multiple offers after the first open house. The sellers on
average are getting $10K-$20K over their original asking prices in
situations like these. Why you may ask? Because they are pricing
them closer to their bottom line and negotiating less. This theory
hold true on the buying end as well.
I have had better
success with my buyers offers being accepted when we gave the seller
a good offer and negotiated less. We all know that a home owner will
never accept the fist offer, unless of course its asking price or
over. So why make them angry? Sure, you could always submit another
offer, but after upsetting the seller they are going to take you less
serious the second time around and be less negotiable with you. The
key is to give the seller a respectable offer so that you can get a
respectable counter offer. When approaching the situation like this
you are more inclined to end up in a win win situation where all
parties are happy. And believe me, it’s a much smoother transaction
thereafter. If you have any insight please don't be shy to drop me a
line.
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About Greg DiGiorgio
"My mission is to provide innovative marketing solutions and consulting services to my clients by utilizing the latest and most effective technologies offered in real estate today. By doing so I have helped them reach their housing goals whether it’s a first-time buyer, a seller, or a savvy investor. Furthermore, to gain life long clients and friends by providing them with a fun, relaxing, but yet educational experience throughout the entire process."