So you want to be an investor, eh?
You want to find that “diamond in the rough” – do you?
You aren’t alone and with inventory levels shrinking and demand staying equal, prices may begin to rise….in the micro markets. In other words, wherever a good property and prices meet several buyers.
An offer is an offer and yes, the Seller should be happy to receive any offers these days, but since inventory levels are down around the country for now, it may hurt your chance in negotiations and low-ball offers are disappearing from sight. And with more and more news (i.e., propaganda) stories professing (and ignoring 1.6-10 M home shadow inventory) that “ding-dong” the witch is dead and housing will boom soon!
In addition, you may be faced with a multiple offer situation when there is a fantastic price and property compared with other relative choices.
Here’s a more recent article on low offers: Don’t Be Afraid Of Making A Low Offer To A Home Seller