Real Estate Agent Directory
Real Estate Agent Directory & Consumer Guide
 
Alabama Montana
Alaska Nebraska
Arizona Nevada
Arkansas New Hampshire
California New Jersey
Colorado New Mexico
Connecticut New York
Delaware North Carolina
District of Columbia North Dakota
Florida Ohio
Georgia Oklahoma
Guam Oregon
Hawaii Pennsylvania
Idaho Puerto Rico
Illinois Rhode Island
Indiana South Carolina
Iowa South Dakota
Kansas Tennessee
Kentucky Texas
Louisiana Utah
Maine Vermont
Maryland Virgin Islands
Massachusetts Virginia
Michigan Washington
Minnesota West Virginia
Mississippi Wisconsin
Missouri Wyoming
 
Low-Ball Offers
In each real estate market, there are buyers who make offers that are far from the current market value. How should you react if your real estaet agent brings you one of these "low balls"?

If your home is priced well, you can reject the buyer's offer and be pretty confident that a better one will come soon. However, in a buyers' market you may not have that luxury. Try to get a handle on the buyer's overall strategy, and ask your real estate agent or Realtor for advice. Do they really want your house or will they move on to another property/house if you make a counter offer? Can they afford to pay a higher price (this will be difficult to find out)? Are there ways to close the gap with a small owner carry-back, or with terms that will increase your bottom line? It may be necessary to take a close-hard look at your asking price. If your price is on the high end, the offer may not be that unreasonable. We recommend that you not reject a low offer until you have explored all the options.

 
© Online Real Estate Pro - Real Estate Agent Directory
Login Sign Up About Contact Privacy TOS / Use