Tuesday, October 25, 2011
Long-Listed Properties Advice
We've all been there: our eyes glance over a cute property with lots of potential. After some research, we find it's been on the market for a long time. The gears in our brains start turning, and we start devising an offer to a seller who is "clearly" desperate, and who will be willing to take all but $1 for the property that's been sitting on the real estate pages.
Well...not so fast.
Some advice found on Realtor.com says there is a lot to weigh when making an offer, however long the property has been listed for. You can read the answers two realtors shared here...
What are your thoughts? Have you dealt with offers (as a seller, buyer or realtor) on houses listed for several months? What is appropriate?
You weigh in!