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Accepting An Offer >Low Offers
In every real estate market, there are buyers who make offers that are far below the current market value of the property. How should you react if your agent brings you one of these "low ball" offers? Here are some scenarios for the seller.
If your home is priced very close to its fair market value, you can simply reject the offer and be reasonably confident that a better one will appear. However, if you have priced your home higher than other comparable homes in the neighborhood, the offer may not be unreasonable.
Ask your real estate agent for advice about the buyer's overall strategy. Do they really want your house or will they move on to another property if you make a counter offer? Can they afford to pay a higher price? Are there ways to close the gap with a small owner take-back, or with terms that will increase your bottom line? Take a hard look at your asking price and explore all your options before saying "no", especially if you are selling in a buyer's market.
Ginny Jacobs, ABR, CRS, GRI ERA Kings Bay Realty 580 Kenneth Gay Dr. Kingsland, GA. 31548 912-552-4766 912-729-2266 800-542-4388 Fax: 912-510-6226 Email: ginnyjacobs@NUMBER1EXPERT.com
When faced with the important decision of choosing a real estate agent, whether buying, selling or renting, why not choose a full service agent that can meet all of your real estate needs. I am "committed to quality service" and passionate about my work. You can depend on my expertise to make your move a smooth and happy one!
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