It will come as no surprise the market has changed over the last 5 months. If executed correctly, lowball offers can be a really effective strategy to take advantage of the current market conditions.
CBG has put together these 5 tips to help get your lowball offer accepted:
Get Pre-Approved
Not only will this help you understand what you can pay, but it will also help you understand what you would be willing to pay
Find an agent who is willing to do the dirty work for you
This is not an easy process. You have to work with someone who knows the ins and outs of how to make this strategy work.
Limit the terms and conditions in your offer
The fewer terms and conditions you have in your agreement, the better chance you have at getting accepted, especially at the lower price point.
Think with your pocket book and not your heart
Remember, this is a deal. It is not about finding your forever home.
Brace for rejection
It’s unlikely this is going to work the first, second or even third time. Hang in there, trust the process, you will find someone who bites - we promise!
Reach out to the Centreblock Group today to learn more about lowball offers and if this is the right strategy for you!