Lora Davis

What price should I offer?

2011-02-08T03:42:00Z

Even though it is very much winter in Teton Valley, our market is quite active. We are used to seeing buyers drop off a bit after the first of the year, but there are still lots of enquirires. I attribute that to the great buys out there.

Let's talk a minute about offers. When clients settle on a property that they want to make an offer on, they offen ask for advice as to what to offer. I avoid giving an exact amount, but I can guide. In many markets around the country we are seeing extremely lowball offers. However, in Teton Valley our closing prices are currenlty 92.3% of listing price. They have hovered around that average for over a year now. (Other markets may see 20-30% below list.) Of course, we have seen the few properties that have closed at substantially less than the list price, but they are few and far between. In my experience, you risk alienating the seller with offers that are insultingly low. It's my job to assist a buyer in making the best offer in each circumstance.

Offers in respect to REO (bank owned) listings could possibly handle a lowball first offer, but keep in mind that there are people, not buildings, on the other end of those offers. Asset managers, those people to whom we present the REO offers, are real people. They, in most cases, have a fair idea of the property's value and instructions as to how low they can go to accept offers. If the bank chooses to counter a lowball offer back, it will most likely give you an idea of their position. The idea is to not go so low that the bank does not even give a counter offer, they just reject the offer outright.

Offers on short sale properties should, in most cases, be fairly close to the listing price. Most agents price a short sale listing near where they think they can negotiate a short payoff with the seller's lender. Short sales can be long and drawn out. However, that is changing. We just had a short sale approved in 30 days! Certainly a record in our office.

Offers on private seller owned properties will vary quite a bit. Many times, we as realtors, will have a feel for the seller's situation and, again, can guide the buyer on making an offer.

If you have questions on offers, just let me know. :)

Commercial For Sale in Driggs

2011-02-04T19:51:00Z

Excellent Commercial/Mfg Property!

• 40,000 sq. ft. commercial - MLS® $1,575,000

Driggs, Teton County - Formerly Bergmeyer Mfg. Excellent location on Hwy 33. Two parcels totaling 6.79 acres zoned M-1. Parcel 1-B consists of 4.67 acres with 21,600 sq ft mill building, 7490 sq ft cabinet shop building & 2638 sq. ft. office showroom. Parcel 2 consists of 1590 sq. ft home, 1488 sq ft office/shop, as well as pond and well. Sky's the limit w/this property! North parcel is not included in this sale.

Property information

REO- 1 acre lot in River Rim Ranch

2010-12-11T04:01:00Z

1.10 acre lot in River Rim Ranch Bank owned located on proposed golf course site. $49,900 MLS#10-3170

REO in the heart of Driggs

2010-09-03T18:03:00Z

4 bedroom 3 bathroom home with full basement and 3290 sq ft of living space on half an acre in the heart of Driggs. This is a great property for little $134900 MLS#10-2545

New REO Outside of Driggs

2010-08-19T02:31:00Z

Great Teton views with this 3 bedroom 2 bathroom 1792 sq ft home in Four Peaks Estates. Situated on 2.4 acres This is a great deal at $189,900 MLS#10-2446

REO-Finish this home to your liking in the Teton Reserve

2010-06-30T15:29:00Z

4 bedroom 4 1/2 bath 2847 sq ft living space. This home was abandoned during construction and is not completed. It currently is painted, and has tile in some areas. The main things to finish are cabinets, floor coverings, fixtures, Etc. It also needs some stone work on the Exterior, but the stone is on site. There are some materials present $126720 MLS#10-1869

REO-lot in Teton Reserve

2010-06-30T15:27:00Z

great .35 acre lot in Teton Reserve $28900 MLS#10-1874

REO-4 acres with home

2010-06-23T15:37:00Z

Great value on this 3 bed 2 bath 1780 sq ft log home on 4 acres. Located in Felt you have great views of the Tetons. $230500 MLS#10-1785

REO-3 bedroom home in Valley Vista

2010-06-23T15:35:00Z

3 bed 2 bath 1288 sq ft home located in the conveinent location between Driggs and Victor. Great for the commuter to Jasckson $152,000

MLS#10-1776

REO in Willow Creek-Great Value!

2010-06-21T15:46:00Z

5 bed 3 bath with full finished basement! 2400 sq ft living space and attached garage and fenced yard. Quiet neighborhood. $178,900

MLS#10-1744

REO in Tetonia great value!

2010-05-28T15:31:00Z

4 bedroom 3 bathrooms 2400 sq ft living space with gorgeous views of the Tetons on 10 acres! $214900 MLS#10-1443

REO Home in the woods

2010-05-26T16:41:00Z

1 bed 1 bath 1900 sq ft cabin cllose to forest access $140000 MLS#10-1413

REO townhouse in Driggs

2010-05-26T16:30:00Z

2 bedroom 2.5 bathroom 1850 sq ft of living space bank owned $139900 MLS#10-1414

REO near Graand Targhee

2010-05-11T16:46:00Z

Beautiful spacious custom home. Custom wood floors, large spacious kitchen with lots of counter space. Beautiful granite counter tops in Kitchen, and baths. This home has an excellent floor plan, and layout. With 4 bedrooms, each with their own bath, a large 3 car garage, beautifully landscaped yard and a large deck in the back, this home is the perfect home you have been looking for $409,900 MLS 10-957

Short Sale within Victor

2010-05-11T16:40:00Z

3 bedroom 2 bathroom over 2000 sq ft living space with basement located within Victor city limits. $215,000 MLS 10-997