As many of you know, I moved to a new condo in Ames and put my old one on the market. I had looked at the sales data for all the units in my building in arriving at the price and in the process noticed that almost all of the units sold between March and June. So I was expecting a wait for the market to heat up.
Today I got a low ball offer from an investment group that buys property for renting back out. The offer was so low, I didn't know if it was worthy of a counter. So for you real estate experts out there, is it better to just reject the offer or to counter? I think it makes a difference that it's an investor and not someone buying to live in it. Their motivation is purely financial, whereas there are more factors for someone looking for a place to live.
Today I got a low ball offer from an investment group that buys property for renting back out. The offer was so low, I didn't know if it was worthy of a counter. So for you real estate experts out there, is it better to just reject the offer or to counter? I think it makes a difference that it's an investor and not someone buying to live in it. Their motivation is purely financial, whereas there are more factors for someone looking for a place to live.
