- Anthony ZanattaParticipant@azanatta91Join Date: 2016Post Count: 25
Buying my first property and new to real estate agent tactics (I think). I’ve been to quite a few open homes and when I go to put a written offer forward using their template, the form always mentions something along the lines of “I’m being honest when I say $X is the most I’m prepared to pay”.
Is this some sort of tactic to jack up my initial offer, at which point the real negotiations will start, or is this my final number??
AnthonyRichard TaylorParticipant@qlds007Join Date: 2003Post Count: 12,024
Anthony many agents use such form (which is not legally binding) as a way of saying to you that they are presenting offer’s all at the same time and leaving it with the seller to decide which one to accept.
Do up your own template and conditions and merely change the address, price etc for each offer.
Give them a time frame to come back to you after which your offer expires.
Sure you might throw a offers out there without success but you will find out who is prepared to haggle and who isn’t.
Yours in FinanceAnthony ZanattaParticipant@azanatta91Join Date: 2016Post Count: 25
That’s a great idea Richard, thanks for the advice!MeganParticipant@meganclarkeJoin Date: 2017Post Count: 1
In regards to the wording of the statement, research has shown that people are more truthful in their answers when they are required to declare their honesty prior to completing a form, application, etc. Perhaps there is some psychology behind their tactic as well!