Overpriced property? Make an offer! (here’s why)

You’ve seen them: properties with potential that need serious renovation, and the seller is asking too much given it’s current condition.   It’s been on the market 198 days…are they crazy!?  Maybe.  But…if you like the house, ignore the asking price, figure out what offer makes sense -and make it.  They can accept it, reject it or counter, but that’s about all they can do.  (No duel or public shaming ceremony.)  We’ve seen it time and time again where the seller gets no offer/low offers, their Realtor may even beg them to drop the price, realizing it’s over-listed, and the seller keeps plugging along.  Maybe they are from out of town and don’t know the market; maybe they have no idea how much work is truly needed,.  Maybe they just want it to be worth more. But in time…something happens, and they need to sell the house and they get real.  If you’re the one with an offer on the table – it might be your lucky day!  Even if they reject it, you’ve made your move, let them know what it’s worth, and a few weeks/months later…they may come around.  A solid, honest offer is like a shot on goal: always a good play 🙂