May 21st, 2012 11:40 AM by DANIEL POULOS
Michael Brue of Keller Williams Realty in Jupiter FL explains why below market offers are not working for home buyers in today's market.
Hi, I'm Michael Brue from the Keller Williams Realty in Jupiter, FL I'm here to tell you that what you don't know about buying real estate in today's market CAN hurt you.
Boy, have things changed in the South Florida and Jupiter real estate market in the last 6 months. Last year we were warning sellers that the most common mistake was ignoring lowball offers and not making a counter offer.
This year the shoe is on the other foot! Now, the biggest potential mistake a serious buyer can make is making a below market offer at all!
Today the low offer buyer is not likely to get a counter offer because more realistic buyers will step in and buy the home at a fair price.
There' s still nothing wrong with making a lowball offer if that's as much as your willing to pay and you don't care if someone else buys the house before you.
BUT if you are trying to buy the right house for you at a fair price then make a reasonable offer that the seller is likely to accept or counter before considering other offers.
I'm Michael Brue from Keller Williams Realty and thanks for visiting www.What-U-Dont-Know.com