A lowball offer, one that is significantly lower than the listing price, is often rejected by sellers who feel insulted by the buyers' disregard for their property.
Before you make an offer, you should at least be thoughtful about your goals.
If you love the house and truly want to buy it, then you may want to up your offer a little bit rather than suggest a purchase price 25% below asking price!
Stay aware of current market conditions. Very important Talk with your REALTOR, discuss the local market around your neighborhood.
Be respectful of sellers. Even if you think they have overpriced or if you think they have let it fall into disrepair, you still should treat them with respect.
Have your agent/REALTOR contact their listing agent. It is best to have an agent do your communicating for you.
Have your financing in order. Before you go see a home you should have a letter that states you are pre-qualified to purchase a home up to a certain amount. It does not cost you anything but maybe 30 minutes to get this letter from your mortgage officer.
Less contingencies are best. If you are making a low offer on a home, do not expect the sellers to pay for extras you would like to have.
Thank you! Marie Castecka-REALTOR 9365815958