Big Island Buyer\’s Brokers

We are always amazed that people pay so much attention to how much some one is asking for a house. After all, these same folks would not get worked up over their child’s long list of Christmas wishes, and, well, wishes are wishes. If wishes were horses beggars would ride.

The asking price is always the Seller’s wish, and he or she are free to ask anything that they want, so why would a Buyer care about that? Since I have faith in my Realtor community, I know that the Realtor representing that property has probably told the Seller that they will try the “high-hopes” price for a while to see how the market responds. In a normal market the response is usually negative, and in a Buyer’s market such as we have today the response is ALWAYS negative. So what should you do if you’d like to take advantage of this incredible buying opportunity? Should you wait until prices come down further? The answer is “no”.

If you wait for the elusive bottom of the market you will almost always miss it, since no one knows when it arrives … especially you, right? Another problem with waiting is that you are more likely to pick up competition for the property you want. After all, there are lots of folks just like you who would like to buy great properties at great prices, and they are waiting too!

The best plan is to get in there and make aggressive offers that reflect what you are willing to pay. Sure you may get rejected by those Sellers who still have high hopes, but even the most delusional of them will eventually come around. If you think asking prices are 20 percent too high, get in there and start making offers that are 20% below the asking price.

We do this all the time, and we have a bunch of happy buyers as a result.

Call us … you will be glad you did!

Imua,

Bill Jardine

Filed under: Updates