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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Pat Chrysler
Comey & Shepherd, REALTORS®
7870 E. Kemper Road, Ste 100
Cincinnati, OH 45249
800-899-4629
Fax: 513-766-0707
athomewithpat@NUMBER1EXPERT.com

Pat Chrysler is here to serve you in all aspects of the buying and selling process. She is licensed in both Ohio and Kentucky. Communication is a very important element in this transaction process and she is here to serve this in every aspect. She gives each and every client personalized attention. Before or after the sale, she is here when you need her! Pat treats her clients the way she would like to be treated--with respect, empathy, fairness and honesty. Client satisfaction is how she measures her success!

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