Skip Navigation
StreetEasy

motivated seller question

Started by dmf13
almost 15 years ago
Posts: 150
Member since: Feb 2008
Discussion about
When a broker says a seller is motivated, how much below ask is a fair first bid? More than 10%? (I'm thinking the ask is too high if it's been listed for a long time. In the 2-2.5million range.
Response by NYCMatt
almost 15 years ago
Posts: 7523
Member since: May 2009

Bid 1.2 and see what happens.

Ignored comment. Unhide
Response by sledgehammer
almost 15 years ago
Posts: 899
Member since: Mar 2009

I've seen some $1.8Millions properties with motivated seller selling for $875K...

Ignored comment. Unhide
Response by urbandigs
almost 15 years ago
Posts: 3629
Member since: Jan 2006

that means the seller is blaming the broker for not getting any offers, probably because they listened to the agent in the beginning and priced too high off the bat, and the broker is now doing whatever they can to get any bid in to get the seller off their back a bit..

ok, thats one possibility.

Ignored comment. Unhide
Response by 300_mercer
almost 15 years ago
Posts: 10662
Member since: Feb 2007

I would bid just a few percent below what you genuinely believe the comps are.

Ignored comment. Unhide
Response by Sunday
almost 15 years ago
Posts: 1607
Member since: Sep 2009

A true motivated seller would have a asking price below market. Everything else is just BS.

Ignored comment. Unhide
Response by maly
almost 15 years ago
Posts: 1377
Member since: Jan 2009

I agree with Sunday; it says "my seller really, really wants to sell at a price above market."

Ignored comment. Unhide

Add Your Comment

Most popular

  1. Mamdani heading towards raising property taxes
    182 Comments
  2. Eric Adams weighs in on housing
    9 Comments
  3. Dentist and gold crowns
    23 Comments
  4. Beautiful Fake Reno
    19 Comments
  5. Why Are More Millionaires Renting?
    40 Comments