Quote:
Originally Posted by npwalters
Don't take this the wrong way because every sale is unique. I would be concerned if my house sold on day one or if there was a bidding war for it. That would cause me to question if the asking price was too low.
When looking to buy our pre-owned home our (very nice) VLS agent was unwilling to take an offer to a seller that was about 12% less than asking. Her rationale was that the VLS homes are always priced accurately and sell within 5% or so of asking. She went on to say my bid should be in that range. I politely declined to follow her advice and stated my offer would always be based on my perception of the value of the house in the current market. I found a better deal with the MLS agent I was working with a few days later.
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Whenever I have listed a house for sale, I have always told the listing agent that I want to see any and all offers to purchase. They are working for me. A seller should not be offended by any offer. If you get a lowball offer, just say no or make a counteroffer.