Why not just ask the seller since they'd already declined a $1M offer instead of having us do more work.From my perspective, if they want to sell, they have a verbal offer they can accept, and if they don't want to present a verbal offer, the seller probably isn't very motivated.What would be the point of sending a formal offer in this scenario?

Supply and DemandIn real estate, prices and rents are determined by the imbalance between the number of buyers and sellers.When there are more sellers than buyers, prices decline until there is a rough balance between the number of buyers and sellers.When the number of buyers exceeds the number of sellers, prices increase until there is a rough balance between the number of buyers and sellers.Rents follow prices.Higher prices reduce the number of people who can purchase, increasing demand for rental properties and increasing rents.Lower prices enable more people to purchase, decreasing demand for rental properties and decreasing rents.What determines demand?

In my city we saw below inflation level below appreciation from 2002 (or whenever Kodak started going in decline) until 2019-2020. 

In some markets values are declining and I expect that to become widespread.It costs about 10% of the value of the property to sell, on top of that.

They're already declining and are expected to continue throughout the year.

Right now, most cities are seeing a decline in rent prices and in occupancy and that trend is likely to continue.

Decline. 

This is understandable since we saw a 1% DECLINE in median sale price from 2022 to 2023.

When screening your job is to decide why you should declined them...... and this guys has LOTS of those.PASS

Setting a one night stay increases visibility and we can always decline a guest request.