Hello, I have 2 realtors and I started submitting offers in my hometown at around 40% off FMV. Not so many bites!! The homes I targeted are all between $400,000-$700,000 asking price for a 3 bed 2 bath.
For sellers, 40% off of an $100,000 house is an easier pill to swallow than 40% off of a $500,000. $40,000 vs $200,000.
So i figure i have to change locations to one that is less desirable, and has more highly motivated sellers.
And/or offer less of a discount the higher the price of the house.
Can anyone offer advice from experience or knowledge about Los Angeles/Long Beach area on how much to discount expensive properties???
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Only those who will risk going too far can possibly find out how far one can go...."