Educating Sellers

[Chris T.]

Recently, when I've talked to sellers about buying their home I informed them of the variables I use to come up with an offer.

I tell them about the current market conditions in the area and how that relates to holding costs, what I would do to the house to rehab it and how much that would cost, how the house compares to other houses on the market, etc...

Then I make an offer.

If they decline the offer. Then I advise them how long it will likely take for them to retail the property and my opinion of how much they could get for it.

However, I'm wondering if this is a waste of time. Should I just give them my offer immediately and move on?