HOW LOW CAN YOU GO?
As a seller in the housing market, the anticipation of an offer can be very exciting as well as frustrating.
Selling your home can bring on many different emotions especially when it comes to receiving offers. Your home is often your most prized possession or greatest asset. So, if you receive a lowball offer this can be a little daunting or even make you feel resentful. But don’t despair, stop and take a deep breath because although it's a lowball offer, it is still an offer. According to Realtor.com “A lowball offer can lead to a successful sale if the seller and their agent play their cards right”.
After all, it is you, as the seller, who ultimately decides on whether to accept or reject the offer, so the ball is in your court. Keep in mind that just because a buyer starts with a low offer doesn’t mean they are trying to take advantage. There's always room for negotiation whether it be on price or other terms such as a free rent back to allow you more time to move.
Bottom line, no seller dreams of getting a lowball offer but with an experienced agent, on your side, and the right strategy you can turn a mediocre offer into a great sale! Ive personally been through the process of negotiating offers, thousands of times, and have helped over 2,200 home owners to successfully sell their homes for top dollar. If you would like more information on current housing data or what is happening locally in your area, feel free to reach out to my team and I for the most up-to-date information.
Whether you want to sell your existing home, buy your first home, upsize, downsize, purchase a vacation home, or just talk about options, a real estate professional is your best source for information based on current trends in our area. If you're interested in learning more about the 2023 real estate forecast, don't hesitate to reach out - we're happy to help!