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Accepting An Offer >Low Offers

In every real estate market, there are buyers who make offers that are far below the current market value of the property. How should you react if your agent brings you one of these "low ball" offers? Here are some scenarios for the seller.

If your home is priced very close to its fair market value, you can simply reject the offer and be reasonably confident that a better one will appear. However, if you have priced your home higher than other comparable homes in the neighborhood, the offer may not be unreasonable.

Ask your real estate agent for advice about the buyer's overall strategy. Do they really want your house or will they move on to another property if you make a counter offer? Can they afford to pay a higher price? Are there ways to close the gap with a small owner take-back, or with terms that will increase your bottom line? Take a hard look at your asking price and explore all your options before saying "no", especially if you are selling in a buyer's market.

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Q	What structure is regarded as the best surviving example of Pennsylvania Dutch architecture?
A	The Georg Muller House in Milbach, PA, built in 1752.
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David and Susan Witt, REALTOR®, real estate agent and broker for Clinton, Hunterdon County and Warren County New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

David and Susan Witt
Weichert Realtors
9 West Main Street
Clinton, NJ 08809
Tel: 908-892-4396
Fax: 908-537-9913
Email: davidandsusan@NUMBER1EXPERT.com
David and Susan Witt and all associates affiliated with The Witt Team share the common goal of delivering superior service to every one of our clients every time. Our unparalleled dedication to our clients’ best interests, whether buying or selling a home, is what sets us apart from our competitors. In this fast changing real estate environment it is more important than ever to have the best representation possible. Contact us today so that we can show you how our award winning, top producing team can help you achieve your real estate goals.

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