Covid 19 has impacted our market in many ways. Since March when the COVID 19 pandemic entered our lives, we have seen many potential home buyers commit what is perhaps the most fundamental mistake.
They make low ball offers. The media has been buzzing about the economy here in Edmonton and it must have convinced some home buyers that they have much more leverage to negotiate than they actually do. Fact is, home values here in Edmonton are climbing. Sales values dropped markedly in March and April. Since that time, home prices have risen steadily and are now selling for 2% MORE than this time last year.
Here are 3 potential outcomes you risk creating when you low ball:
1. It destroys seller goodwill
Getting the seller to like your offer is…