Would you make an offer under listed price on land right now?

[miket]

Looking at a property out of state, rural area. Raw land. With rates higher than they have been in a while, I dont know if sales have slowed or not.

This property seems priced right, is it worth trying to make a lower offer, and risk insulting the seller?

[AntlerCollector]

Maybe, if it’s been on the market a while I would for sure. If it’s recently posted you may miss out.

[Walker]

Make the offer. Thru your agent if you have one. All they can do is say no. Who cares if they are insulted?

[Drycreek3189]

Yes…..always.

[Adgerc15]

yes

[TX_Hoghunter]

If I had decided that it was worth $5,000 and acre and they listed it for $4,500 ab acre I would then offer $4,000.....In other words fair listing or not I would always offer less.

-john

[7sdad]

You can always go up but never down.

[easeup]

yes

[TX83]

We bought some land late last year. We offered 2/3 of asking price. The price was not horrible, but it was raw, not taken care of and overgrown. I, like you, did not want to insult the seller. Our agent said don’t worry about it and they accepted our offer. Turns out it was an inheritance situation and they were ready to get it sold asap. Never hurts to ask, they might just say yes.

[TKRanch]

You make your money on land when you buy it, not when you sell it so it is important to get the best deal you can no matter who gets insulted!! And btw, I don't think it is an insult to offer what you feel is the best deal for you no matter what.

[Traildust]

Unless you're from California.....never leave money on the table

[DUKFVR]

Just don't make it a lowball offer. Thats when I ignored a person trying to buy my places.

[rjtkdplus]

Depends on how bad you want that particular piece of land.

[miket]

Im a little torn. It is owned by a rancher. It was only listed a few weeks ago. He has more property, and this is just a piece of what he owns. He apparently lives on the other part of the place. About 20% is pasture, the rest is hilly and thickly wooded. So really, he is only losing 20% of the acreage. ( the remaining 80% is useless to cattle ). That makes it less valuable to him, but IMO that already appears to be priced in when I look at the prices of other properties in the area

I am going to look at it next weekend and will know more. You can only see so much in pictures and google earth. The agent assures me the remaining isnt very steep and is usable for hunting etc, just too thick for grass to grow. But you know how that goes...

[60 Deluxe]

I doubt that I would offer anywhere close to the asking prices that I have seen lately. It seems to me that people figure out a reasonable asking price and then double it on the listing price. It takes a while for them to realize that not everyone is California rich, so if it has been on the market for six to eight months the seller's expectations may have moderated enough that they will at least counteroffer. You have to start the dialog somewhere. If your offer is based on reasonable assumptions and you have done your homework, express that to the realtor when making the offer. That gives them something to work with other than what looks like a low ball or low offer. Just keep in mind, there are some California rich people out there that have a warped perception of the value of a dollar in our neighborhood. If your income can compete with their pot full of easy money, then offer closer to full asking price.