they make a reasonable offer first. Be enthused with any offer, low or not. The fact that you receive a few offers means buyers are interested in your property. Reasonable counteroffers given in response to low offers show the buyers that you are willing to negotiate with for the sale. While making a counteroffer, you may consider lowering your listing price, but attempt to negotiate buyer’s concessions also. A low offer may be the right offer provided the contingencies meet seller’s needs - for instance, if the closing date is favorable and the buyer is pre-approved for a mortgage. Poor offers are an indication that you need to work with your comps once again, or sit down with your real estate agent. If the new comps’ suggested price is lower than yours, you need to rethink the price. If there are more recent sales in your area, they are worth exploring with a keen eye and an expert’s understanding. Prior to turning down an offer outright, it is advisable that you ask your agent to get in touch with the buyer’s agent and try to narrow down the gap as a way of facilitating a counteroffer. If the outcome of the interaction does not turn favorably, you can reject the offer and wait for the right time. On seeing low offers, show no signs of desperation. Buyers tend to measure sellers’ pulse and will seek to benefit from the deal using your desperate need to sell the property. Under such circumstances, wait some time, review your strategies and pricing and you will find a solution.
Not enough Offers
While location, condition, and price are the deciding factors in price, homes that do not measure up to the comps in the locality
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