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Feb 5 โข Discussion
How I made my "lowball" offer just a little more palatable
Had an agent call me back today on a fixer house I'd inquired about a while back.
It had been listed since early November and not sold. So they dropped the price from $590k to $550k.
Still high by my guesstimate, but even with the recent price drop, the agent was open to receiving an offer below list.
When I asked โ๐ผ๐ง๐ ๐ฉ๐๐๐ง๐ ๐๐ฃ๐ฎ ๐ฉ๐๐ง๐ข๐จ ๐ฉ๐๐๐ฉ ๐๐ค๐ช๐ก๐ ๐ข๐๐ ๐ ๐ข๐ฎ ๐ค๐๐๐๐ง ๐ข๐ค๐ง๐ ๐๐ฉ๐ฉ๐ง๐๐๐ฉ๐๐ซ๐ ๐ฉ๐ค ๐ฎ๐ค๐ช๐ง ๐๐ก๐๐๐ฃ๐ฉ?โ, she mentioned having a flexible move-out date would be helpful.
So I'm adding the following additional provision to my offer:
โSeller Possession After Closing: Buyer is open to discussing a short-term post-closing occupancy, lease-back, or escrow hold-back arrangement for Sellerโs benefit, subject to Buyerโs written approval and the execution of a separate written agreement addressing term, rent (if any), security deposit or hold-back, insurance, and liability. No post-closing possession is granted unless and until such separate agreement is fully executed.โ
๐ฃ๐ฟ๐ผ๐ฏ๐ฎ๐ฏ๐น๐ ๐๐ผ๐ปโ๐ ๐ณ๐น๐, ๐ฏ๐๐ ๐๐ผ๐ ๐ป๐ฒ๐๐ฒ๐ฟ ๐ธ๐ป๐ผ๐. ๐ ๐ถ๐ด๐ต๐ ๐ท๐๐๐ ๐ฏ๐ฒ ๐ฒ๐ป๐ผ๐๐ด๐ต ๐๐ผ ๐ด๐ฒ๐ ๐ฎ ๐๐ฒ๐ฐ๐ผ๐ป๐ฑ ๐น๐ผ๐ผ๐ธ.
Sometimes solving a seller's dilemma with terms can help cinch a deal at the right price.
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How I made my "lowball" offer just a little more palatable
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