Anti-Checklist: What Not to Do When You're Making an Offer or Negotiating

Don't even bother trying to justify a lowball offer. (Believe me, the seller and their agent were well aware that there's an electric tower in the backyard when they set the asking price.) Avoid these buyer faux pas when offering on a house.
By: Tara-Nicholle Nelson

Disparage the Property, Its Location and Condition

Don't even bother trying to justify a lowball offer. (Believe me, the seller and their agent were well aware that there's an electric tower in the backyard when they set the asking price.)

Ask, or Care, How Much the Sellers Paid for It or How Long They've Owned

Fair market value is what it is, regardless of how much money the seller is making on the home. When you sell the home, you will not be willing to take less than your home is worth just because it has appreciated a lot. Why should the seller?

Disregard the Seller's Wants and Needs

Why mess around when you can create a win-win and get a quick "yes"? Especially if their wants and needs are non-monetary or within what seems fair for the property

Lowball the Seller

That is, don't lowball the seller of a fairly-priced property. Even if the property is overpriced, the seller is probably pretty unreasonable and chances are low that they will accept your lowball offer anyway (unless it has been on the market a long time or the seller is really broke!)

Be Rigid and Inflexible

Seriously, does it really matter to you if the seller needs a rent-back or wants to close a little bit early? Does it matter enough to lose the home over?

Disregard Standard Market Practices

You'll signal your naivete and turn the listing agent off big time. If you know your offer will be way out of the norm for your area, have your agent call the listing agent ahead of time to explain (a) that they understand the terms are unusual, (b) why you need the unusual terms and (c) why your offer should be accepted despite being somewhat unconventional

Get Overly Attached

It ain't over until your offer has been accepted, no matter how good the offer

Become a Stalker

If it is meant to be yours, it will be. So don't stalk the home, open houses, the listing agent, etc. If you need to stalk anyone, stalk your own Realtor. She'll understand, and she'll love you anyway!

Keep Reading

Next Up

Anti-Checklist: What Not to Do While House Hunting

Searching for a house to buy can be daunting, and most of the homes you see won't be what you're looking for. Get through it efficiently and painlessly by avoiding these common house hunting mistakes.

Anti-Checklist: What Not to Do Until You Close Escrow

Take a list of things to avoid before you close on your new house.

How to Make an Offer for a House

Making an offer on a house isn't a total roll of the dice. There are some basic steps you and your Realtor can take to arrive at a price range and other terms that make sense.

Guide to Mortgage Assumptions

Is a mortgage assumption a smart choice for you? Here, learn everything you need to know.

'Last-to-Go' Box Checklist

After a long day of moving, the last thing you'll feel like doing is rooting through boxes to find your toothbrush. Pack these items into a "special box" that stays with you on moving day.

10 Steps to Eleventh-Hour Organization

Use this last-minute moving checklist to make sure you don't forget anything on the big day.

10 Things Every New Homebuyer Needs to Know

Never bought a house before? These tips will help you better understand the homebuying process.

Consider Buyers’ Motivations When Making an Offer

Put yourself in a position of strength in multiple offer situations.

Guide to Buying a Second Home or Vacation Home

Follow these five steps to guide you through the process of buying a second home.

Get My Agent on the Phone

Especially for first-time homebuyers, using a seasoned agent is a smart move.

On TV

Follow Us Everywhere

Join the party! Don't miss HGTV in your favorite social media feeds.