Lowering a seller's unrealistic price

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Lowering a seller's unrealistic price

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Question:

Any ideas how I can get a seller to lower his unrealistic price?

Answer:

You can point out problems with the property. Or you can try what this site suggests:

http://lowballoffers-r-us.com/

Imagine a property that was maybe once worth US $500,000. The seller knows that and thinks thanks to appreciation, it should now be $550k.

But nobody is biting.

The house is on the market for a few months already, and there you come, and you offer $480k.
The seller insists that his property is worth $550k.

What to do?

One of our team of investors could make an offer to purchase for $400k, subject to financing and/ or inspections.

Do you think your seller will like your $480k offer then?

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