Risks Not Worth Taking
Today’s housing market’s extremely low supply. That means it is especially important “NOT” to rely on risky negotiation tactics. You don’t want to lose a property you truly want just because you relied on a weak tactic.
- Lowball offers that offend sellers
- Asking for the “Moon” in the way of personal property or concessions
- Using inspections to renegotiate AFTER the contract was accepted
- “Take it of Leave it” offers hoping to intimidate the sellers into a accepting your offer
Sellers in the current market know that demand is high. They will most likely receive multiple offers. Many of those offers may even be above asking price. Therefor, using intimidation or being obstinate about things that are not really important doesn’t help your bid get accepted.
So is it really worth losing the home of your dreams?
Our Advice
Instead of taking a negative approach and using risky negotiation tactics, you can take actions that can increase your chances of success. If you haven’t read our post about “Writing a Successful Offer in a Low Inventory Market,” Click here and learn some tricks to help your bid get selected.