REAL ESTATE TIPS 111: Lowballing: Thrifty or unrealistic?

Everybody likes a good deal... whether it's buy 1 get 1 free or 10% off with a coupon. A few years ago it was so common to find an unbelievably good deal in Real estate that it became normal to submit outrageously low offers without thinking twice, it was truly a buyer's market. In the last couple years since the vast inventory of the foreclosure crisis has begun to dry up and investors have taken many of those dirt cheap properties and doubled or even tripled the value the market has begun to change. With market values increasing sellers aren't as eager to jump on the 1st offer that hits the table, especially if it's $30k under current market value. If a property is listed way above market value then of course there's room to negotiate below list price, but if a property is listed to sell at market value you could be wasting time pursuing it with the intentions of Lowballing, if you're interested in a property more than likely there's 5 other ready, able and willing buyers who are serious and realistic about what to offer. Times change and markets change, make sure you keep up!