The process of selling a home can include a certain amount of frustration, especially when a lowball offer is presented to the seller. A lowball offer is an offer significantly lower than the asking price and sometimes low enough to insult the seller. Lowball offers are, unfortunately, not uncommon in real estate.
Remember that even successful transactions can require several rounds of negotiation between:
When responding to any offer, the seller has three options:
- accept the offer
- reject it
- make a counter-offer
Read Also: What Is A Counter-Offer?
Keep in mind that by making an offer, the buyer has demonstrated an interest in your property. So, unless you have other offers, it is usually never a good idea to reject an offer.
Also, price should not be the only consideration. Other important factors to consider are the closing date, the buyers, financing, and contingencies. Your realtor is an experienced negotiator working on your behalf and acting in your best interest. So seek and take their advice when it comes to drafting a counter-offer.
Watch the video below:
One of the reasons to call the Agardi Team if you want to buy a home or have one to sell is:
Not only do we sell our clients’ homes for more money and faster than the average area agent, but your home is also more likely to sell. According to 2015 MLS statistics, only 71% of area homes sold during their listing term. Compare that to our 95% of homes listed that sold before the end of the listing term. YOUR HOME SOLD GUARANTEED OR WE’LL BUY IT*
To discuss the sale of your home, call The Agardi Team at 718-755-2882 and start packing!
*Agardi Team and the seller have to agree on the price and the closing date.