Making multiple offers on properties you are interested in actually reduces your negotiating power with the seller. The message sent to the seller is that you are not truly motivated to buy their house. Actually more often than not this approach backfires on the buyer. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we have seen that very often the same buyer who applies this method also is over confident and throws out ridiculous low-ball offers expecting that someone is desperate enough to take the bait. If you make a low offer assuming that the seller is in dire need of a sale, very often you will insult them and they will simply walk away. You also are sending the message that you are going to be difficult to work with during the entire real estate transaction, from negotiation, through home inspections and settlement. Check out below to see what sold in Stonehenge in October 2015:
23697 N. Rockledge, Novi: 2 bedrooms, 1.1 bathrooms, 968 sq. feet, 1 car garage, Sold Price: $78,500
23509 N. Rockledge, Novi: 2 bedrooms, 1 bathroom, 970 sq. feet, 1 car garage, Sold Price: $90,000
23617 Stonehenge Blvd., Novi: 2 bedrooms, 1.1 bathrooms, 968 sq. feet, 1 car garage, Sold Price: $117,500
Have your Realtor do a comparable study on the house you are most interested in so they can determine the value of the home so you could make a reasonable offer. For more information on Stonehenge, or similar Northville or Novi neighborhoods such as Old Orchard, Crosswinds West and Lexington, contact The DiMora Team today at 248-505-7728 or email@example.com.