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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.
The Schuman Team - Dan and Amy Schuman Keller Williams Realty Greater Cleveland 29225 Chagrin Blvd Cleveland, OH 44122 Dan: 216-346-3235 Amy: 216-403-9189 Fax: 216-456-2333 Email: danschuman@NUMBER1EXPERT.com
The Schuman Team will make the home buying and selling process a positive experience. Our unique "Designed To Sell" program will help our sellers stand out from their competition and sell quicker. Home buyers will appreciate our market knowledge, quick response time, and unmatched negotiating skills.
Chosing The Schuman Team will give you the peace of mind that you have chosen to work with true professionals.
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