Properties, Houses and Condos for Sale in St Petersburg Treasure Island Florida

Trust your Realtor, Or why should I offer more than asking price?
Because you really really want this unit. You have been looking for over 6 months, you are running out of time and this is the deal of the century.  I know for a lot of people it sounds like I am out of my mind, why would you offer more than asking price in this kind of market?

Unit was advertised for $208,000 bank owned. It was listed around 9 am in the morning, I saw it by 10 am, called my buyer we looked at it by 11 am and made an offer for $225,000 at noon and we got the property.   You still think I am insane but you have to know that the current market value for this property was around $300,000 it had sold for nearly $500,000 4 years ago and that we only got the offer because we were the first ones to make an offer and we added and addendum to the contract that said all other offers will be treated as back up offers only.  Over the next few hours they got about 10 other offers and 3 of them were higher than ours.One came in at $260,000. A week after we closed the same unit, one floor below sold for $295,000.

Trust your Realtor, Or why should I offer more than asking price?
My point is that “in this kind of market, everything can happen and you need a Realtor that you can trust.

Why didn’t they take my offer? Because it was a low ball offer!

I do not know how many times I had to say this is the past year. I do not have a problem presenting low ball offers as long as my buyer understands what the real market value is and as long as he understands that he might not get the property and might not even get a counter offer. “Can’t hurt to try”  Right ????  Wrong !!!!!!!!!  I do not know how it is elsewhere in the country but here in Saint Petersburg the time for low ball offers is nearly over.  Properties here are either prices at current market  value which means they are already 30, 40 50% less than 3 years ago or they are completely overprices which means the sellers are not in distress and do not need to sell.  There are hardly any properties left on the market that you can get for “cents on the dollar”  Maybe I am wrong, but I have a feeling that in a year from now we will end up with a lot of  “low ball buyer” that say  “I wish I had”

Why didn’t they take my offer? Because it was a low ball offer!

Like I said, I have no problem with presenting a low ball offer as long as the buyer understands what the current market value is and that he might not get his dream home.