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  • Home
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    • Selecting the Right Agent
    • Home Valuation
    • Setting a Selling Price on a Home
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    • How to do an Open House
    • Dealing with Multiple Offers on Your Home
    • Closing on My House
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    • Viewing Homes
    • Arrange Financing
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    • Closing The Sale
  • Contact Us
Menu
  • Home
  • About
  • Blog
  • Selling
    • Selecting the Right Agent
    • Home Valuation
    • Setting a Selling Price on a Home
    • How to Attract Home Buyers
    • How to do an Open House
    • Dealing with Multiple Offers on Your Home
    • Closing on My House
  • Buying
    • Selecting An Agent
    • Viewing Homes
    • Arrange Financing
    • Making An Offer
    • Closing The Sale
  • Contact Us

HOW TO DEAL WITH A LOW-BALL OFFER

Home » HOW TO DEAL WITH A LOW-BALL OFFER

Written by Admin

Written by Admin

October 6, 2022

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If you take care to price your home correctly – that is, at a price that is in line with what similar properties in the area have sold for recently – then you have a good chance of selling it at or near your asking price.

That doesn’t mean you won’t get a low-ball offer. You might. So, what do you do when that happens?

First, understand that the buyer may not necessarily be trying to steal away your home at a bargain-basement price. They might simply be mistaken about its true market value. Of course, they might also be coming in at a low price in the hopes they’ll get lucky.

You will never actually know the buyer’s motives. So, it would be a mistake to get angry or dismiss the offer out-of-hand. That low-ball offer might end up being the beginning of a negotiation that results in the sale of your home at a good price.

Your first step is to work with a Real Estate Professional to determine:

  • Whether the buyer is serious.
  • Whether the buyer is qualified. (For example, do they have a pre-approved mortgage?)
  • How amenable the buyer is to a counter-offer that reflects the true market value of your home.
  • What that counter-offer should be.

This isn’t an easy process. It takes the knowledge and experience of a professional real estate agent to get it right.

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