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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.
The Giordano Team Keller Williams Realty Professional Partners 1626 N Litchfield Road #110 Goodyear, AZ 85395 Office: 623-337-8898 Toll Free: 877-901-7053 Fax: 623-298-3257 info@azfinesthomes.com
The Team of Giordano & Giordano. Our team leader holds the CRS Designation as well as Luxury Home Specialist Disignation. We were inducted into the Hall of Fame for RE/MAX in 2000, were one of the top 10 teams in southwest region of RE/MAX in 2001 through 2007 and joined the Platinum Club for 2000-2007. Phyllis Giordano recieved the Re/Max Lifetime Achievement award in 2007.
Our team has over 50 years of combined experience in Real Estate. The Giordano Team and our staff are Career Realtors and over the last 18 years we have helped 100's of families relocate to the Metro Phoenix Area.
Moving is stressful and we strive to make real estate a simple and easy transition. If you buy or sell with us you may use our moving truck for free (in-state moves only). We want to be "Your Realtors for Life".
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