When bidding on a house, you need to trust your agent and bid accordingly—even if it means offering a little more than you think you could get away with. If you lowball the seller in the hope that it’ll spark a negotiation, it could backfire—especially in a seller’s market. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that a lowball offer that isn’t backed up with math or comparable sales data is disrespectful and could turn off the seller and possibly mean you will miss out on the property completely. It might not sound quite fair, but in a seller’s market, you want to make sure you—the buyer—look as good to the seller as that picture-perfect house looks to you. In today’s highly competitive environment, the listing agent is trying to determine which buyer will be the easiest to deal with. Check out below to see what sold in Cheltenham Estates in June 2017:
23059 Shilo Court, Novi: 5 bedrooms, 5.1 bathrooms, 4,565 sq. feet, 3 car garage, Sold Price: $740,000
Cheltenham Estates Home Sold June 2017
Basically, buyers who act less than enthusiastic will see themselves at a competitive disadvantage when sellers are comparing multiple offers. For more information on Cheltenham Estates, or similar Northville or Novi neighborhoods such as Steeplechase, Woodlands of Northville and Ravines of Northville, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.