DFY-Damien Woodson_ExpiredV1

You wonder whether you should get the deal over with and take what you can get, or hold out for a better offer. Go ahead and reject their offer. That’s right. Take a step most folks have a hard time taking and simply say that one dreaded word, “No.” Saying “no” can sometimes take you exactly where you want to go. Just don’t stop there. Reject their offer, but invite them to resubmit a higher bid. That takes some of the pressure off you. A deal like this can go several ways. The potential buyers usually won’t expect you to take their first bid, and they might be throwing out a lowball offer just to see how far down you’re willing to go. You can send your own little message by rejecting that less-than-desirable offer, but keeping them in the loop. They’ll realize they ventured far too low. If they sincerely want your property, and not just a bargain, they will probably come back with a much higher bid. In the event the bidders really do want your property, out of all the properties available, this procedure can work well. However, you’re likely to lose the deal if this is just a person gobbling up cheap real estate the way some people gobble cookies. While that might seem bad at first, in retrospect, it leaves you completely open to better offers in the future. And, let’s be honest, you want someone who wants your home, and proves it by being willing to pay your asking + It’s most desirable to use this approach when your home has just come on the market or if you have an open house scheduled soon. + Keep in mind that whole legal counteroffer thingamajig, too. The instant you accept and sign off on a low contract offer—which could be a real estate vulture on the prowl—you’re tied to that contract. While you and your bidder are working on the accepted contract, you can’t entertain any other offers. That wastes your valuable time, and could cost you better bids. price (or more)! >USEFUL TIPS

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