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Updated over 10 years ago, 03/27/2014

User Stats

86
Posts
15
Votes
Drew Farnese
  • Flipper/Rehabber
  • West Chester, PA
15
Votes |
86
Posts

Making a private offer on a listed property?

Drew Farnese
  • Flipper/Rehabber
  • West Chester, PA
Posted

Hey guys.

Over the weekend I came across a property that I really like. Based on comps in the area it is listed almost 100k over what it's worth. My question is, (and I'm 99% sure of the answer) but can someone try to negotiate an offer directly with the seller if The house is listed?

I guess you would have to wait til it expires?

My reasoning is that if you submit a low offer without actually talking to the owner they are much less likely to accept. Especially with the sellers agent in their ear telling them to pass on the offer.

Is it normal to submit an offer for 100k under asking price?

Thougts?

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