Okay, I don't know why, but I'm just freaking terrified of making low offers on the higher-priced homes up here. Things up here are in the $280k-$500k range, and I'm completely tripped out by the thought of offering $150k-$250k less than FMV on a house! I'm also tripped out by asking my agent to do it, even though she's told me she's game. I'm afraid she'll get herself black-balled from the RE community or something, LOL!
I know, just do it anyway. So, here's my thought. Print myself off a healthy Proof of Funds from Coastal so I have that in hand. I have an electronic version of the state purchase agreement. I have lots of listings available over the MLS, and I know a *few* neighborhoods since I went and drove around yesterday.
I'm thinking I will just get a cashier's check for $500, make copies of it, and start submitting my own offers to the listing agents. Pull listings off the MLS, figure my FMV, and just offer 40% of FMV, just to get used to the rejection, and make myself take some action.
If I do it directly, I don't have to feel bad about my agent's time or reputation. If I fill out the purchase agreement myself, I don't have to listen to any (much) crap from the listing agent.
And, if anyone takes me up on it, surely I can quickly find an investor who would take it at 50% below FMV, leaving me a little profit, right?
Thoughts, encouragement, friendly shoves off the edge welcome!!
Why is it so hard to do up here in Portland what I'm not scared to do back at home????