Buyers Want Your Home for as Little as Possible. Are you thinking of selling your Lake of the Ozarks home? Know exactly what it's worth before making the decision. Find Out More > View All Offers >
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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.
Team Jane Kelly RE/MAX Lake of the Ozarks 3525 Hwy 54 Osage Beach, MO. 65065 Toll Free: 888-733-5263 Local: 573-302-2316 Fax: 573-302-2317 Email: JaneKellyTeam@JaneKelly.com
Jane Kelly has been a Lake of the Ozarks resident for 25 years enjoying 23 years experience in real estate. Her expertise spans the entire Lake area and her specialty is waterfront homes, lots and condos. With her highly trained staff of agents and assistants, you can be assured of complete, hassle-free service with the highest level of integrity, honesty and compassion.
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