Why Won't Low-ball Offers Work in Greenville?

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Hey everyone, we are coming to you today from a very hot market here in Greenville. We are almost to the summer selling season, but this has already been one of the hottest markets I've seen in my 13 years in the business. I've seen the market go up and go down, but this is pretty hot. There are still buyers out there, however, who want to make low-ball offers. Today I want to give you some tips on why that might not be such a good idea. 

First off, you are risking your opportunity to get the home you want. When a good home comes on the market in Greenville, there are usually multiple showings within the first 24 hours, and a lot of times we're seeing multiple offers as well. If there are multiple offers on a home, they aren't even going to consider a low-ball offer for one second. 

Here in Greenville, homes are selling for an average of 96% of their list price. This means that any offer under 5% of list price probably won't get accepted. The average days on market is dipping as well, and is down around 80 days right now. 

There's a really good chance your offer will not even be considered if you make a low-ball offer. This could sabotage your opportunity to get a home and lock in a low interest rate. A few thousand dollars over the 30-year period you're paying for the loan doesn't amount for that much. Putting together a strong offer is not always about price. A lot of times it has more to do with the right terms and conditions.

If you have any questions for us, feel free to give us a call or send us an email. We look forward to speaking with you soon!

What 3 Traits Do Successful People Share?

Looking to buy? Click here to perform a full home search
 Thinking of selling? Click here for a FREE Home Price Evaluation 
Call us at (864) 527-7685 for a FREE home buying or selling consultation

For those of you like myself that are fans of the ABC show "Shark Tank," you are going to love today's topic. I recently had the opportunity to spend some time with Kevin O'Leary, aka Mr. Wonderful. He gave a talk to some Realtors like myself and talked about the three common traits he found among people who were successful on the show. I would like to share those with you today because they have an interesting connection to real estate. Here are the 3 traits of Shark Tank successes:

1. They are able to articulate the value of their proposition in 90 seconds or less. 
2. They were able to convince others and investors that they were the right team to carry out the plan.
3. They know their numbers backwards and forwards, and also have a tight grasp on their business model.

These 3 keys have an interesting correlation to real estate. When you are thinking about putting your home on the market, it's a good idea for you to interview a few different Realtors. You want them to be able to state their value proposition right away and you want to know their numbers. We tell you all the answers to these questions up front, and we think that is what separates us as the best. We can actually show you, with physical proof, how we can sell your home faster and for more money. 

If you have any questions for us, feel free to give us a call or send us an email. We look forward to hearing from you!