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Real Estate Tips
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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Real Estate Trivia
Q 
What does the term ARM stand for?

A 
An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market.
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The Jane Kelly Team, REALTORŪ, real estate agents and broker for Lake Ozark, Osage Beach and Sunrise Beach Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

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.

ABR CRS GRI MLS REALTOR


RE/MAX Lake of the Ozarks real estate and homes for sale in Lake Ozark, Osage Beach and Sunrise Beach Missouri

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