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Published 2 years ago by massrealty with 0 Comments

Should You Respond to a Lowball Offer on Your Home?

The answer most of the time will be yes. Unless the offer is completely absurd, answering the buyer with some kind of response is the best course of action.

  • What to Do When A Real Estate Offer is a Lowball

    See what you need to do when you receive lowball offers. See what you need to do when you receive lowball offers.
  • What to Do With Lowball Offers

    For most of us, a house is not just a property but a home. It is a place where lasting memories are made. Given how long some of us live in one place it is easy to get emotionally attached.

    When selling a home it is never a good idea to let your emotions get the best of you. It is always best to keep an even keel. Remember that selling a home is a business transaction.

    Unfortunately, it is possible you could receive a lowball offer when you list your house for sale. Believe me, I know how tempting it is to just tell a potential buyer to go jump off a bridge when they make a ridiculously low offer.

    But is that the best course of action? Probably not! In the article at Maximum Real Estate Exposure, you will get some of the best tips for dealing with a lowball offer.

    Believe it or not a significant amount of lowball offers end up coming together. There are some buyers who just can't help themselves from trying to see where a seller stands.

    Buyers need to understand too that making a low offer can backfire on them. Not every seller is going to listen to a real estate agents advice. Some sellers will have their real estate agent to tell the buyer to pound sand. They won't care if the buyer increases their offer to something reasonable. It will be too late.

    The insulting offer has left a very sour taste in the seller's mouth. When making a low offer you run the risk of losing your dream home. Will it be worth the risk to you?

    Sellers should take it all with a grain of salt. If you decide to sell your home sometime soon, you probably won't need to worry about a lowball offer as it has been a white hot real estate market.

    At some point the real estate market will change and that is when you need to follow sound advice on how to treat a lowball offer.

 

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