Attention San Diego Home Buyers: 5 Signs The Seller Will Be Receptive to a Low Offer

There is a right and a wrong time to make a low offer on a San Diego house.  Making too low of an offer or offering too soon can make a seller angry. However, some lucky San Diego home buyers get the timing just right and walk away with a steal.  

As you canvas the San Diego area for your new home, look for the five signs a seller is ready to accept a low offer.

Why They Are Selling

A secret many San Diego homeowners try to hide is the reason they are selling their home.  Motivation in a sale can mean all of the difference when making an offer. If the homeowner has to sell their house to pay for their new move or is facing foreclosing they are likely to take a low offer.

Learning more about a seller’s motivations can be hard.  Start with a real estate agent. The buyer’s agent can talk with the seller’s agent for more information.  With this information they can arm the buyer with the best low offer.

Comps

Some homeowners price their home too high.  An overpriced home can be daunting for a buyer.  They are not willing to pay that much for a home that is not worth that amount.  Enter comparable sales.

Using comparable sales in the area to prove why the home is overpriced is the way to go.  Make a low offer and back up the claim. The homeowner may be feeling panicked with the lack of offers and see reason, taking this low ball offer.  

When Only Price is Important

Many buyers avoid low offers because they are scared a seller will pass them up or deny their offer.  A San Diego home buyer that does not care about the house itself can make offers all day long and not be bothered by rejection.  A flexible buyer has the ability to move on to the next property if a low offer does not work out.

Relisting

There are some houses that have been through the sale process many times but have not made it to the finish line.  If buyers are having cold feet and leaving the seller in the dust they may become annoyed with the whole process. Offering them a low offer may seem like a good deal if they can finally settle a sale without any problems. In cases like this, be sure to get to the bottom of  why other buyers have backed out of the deal.

The Old Home

Homeowners never want to spend the money to update a house.  This is simply money out of their pocket and they would rather hold on to it.  

However, these outdated houses can be beneficial to a buyer.  Make a low offer and cite the cost for renovating or updating the home.  If the house has been on the market for a long period of time they are going to want to get it sold.

It can be tricky to find the right price to offer on a San Diego house.  Especially, if a home buyer thinks the house is not worth as much as the seller is asking.  Making a low offer can lead to rejected offers. But it can also save a buyer a lot of money in the event the seller is motivated to sell.