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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!

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