Among the best ways to purchase a cheap house is to make a lower offer. This is what people sometimes call a lowball offer and is sometimes a standard trick used in real estate and similar negotiations. Those in the industry know this scheme but are not confident enough to use it. If you do not use this tactic the right way then it can be embarrassing and a total waste of time but on the contrary it can help you buy a cheap house.

“If you aren’t embarrassed by your offer, it isn’t low enough.” This was what thriving real estate investor told me before. He has earned millions from the real estate business and I think that what he said is worth putting in the mind. Nonetheless, you have to comprehend that a really low offer is not going to pull through at all times.

As a matter of fact, it has a bigger tendency of unacceptability. This does not necessarily mean that it is a total waste of time because sometimes counter-offers happen and low primary offer are just ways to change people’s expectations.

Buy A Cheap House By Lowering Expectations

One time when I sold my car and a really respectable man took a look at it. The moment he went in my ca he offered me half of my original price in a polite way and then left his contact details. Of course I said no. I thought about what was not right about my car and I found out that I was praying to at least get a higher offer form that half price offer the guy presented. I had my expectations altered rapidly. Luckily for me, another buyer offered me the full asking price before I thought about picking up the phone.

Altering expectations is thereby the main idea of low offers. When a seller asks for $200,000 and you present $160,000 will he most likely say yes to the offer or no? Of course, no. Rejection is pretty evident with this scenario. Purchasing a cheaper house is not at all an easy task.
On the other hand, he can counter the offer. What if you say yes to the $182,000 offer which he has not considered going this low before but it still looks like victory after opening the rate at $160,000.

What is its downside? A number of potential homes will be lost to you this way. There are some sellers who will not even agree to an ensuing offer the moment you have offended them with what seems like an out of this world offer. This is then a tactic you can use if you have time to look for a home and are really desperate to have the best deal you can have.

A California investor has made dozens of offers at one time in houses. He did not even look at them but gave the offers for twenty five percent lesser than the price asked for including inspection contingency for protection. Most sellers said no but not all of them. He repetitively achieved exceptional deals this way and that is definitely one way to buy a house.

Author Bio: By Ashlee Pannell: A Dallas Homes For Sale Broker, With Nu Home Source Realty a Dallas Texas Real Estate Company. We are Home of the 20% Commission rebate to most of our buyers. Ask about our bucks for buyers program. (C) Copyright, Nu Home Source Realty LLC. All rights reserved

Category: Real Estate
Keywords: buy a cheap house, cheap house, real estate