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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 is the only land in the world that has not been walked on by human feet?

A 
A small 200 square-mile section of Antarctica is the only terrain on Earth that not one person has stepped foot on.
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Lori Newsom Glacking, REALTOR®, real estate agent and broker for Cincinnati, Mason and Loveland, Ohio home listings, property and land for sale - NUMBER1EXPERT(tm)

Lori Newsom Glacking
RE/MAX Elite
5729 Gateway Blvd.
Mason, OH 45040
513-382-1400
Fax: 513-297-1560
LoriNewsomGlacking@NUMBER1EXPERT.com

My purpose is to provide home buyers and sellers with a world-class client experience, exceeding their expectations, so they will become customers for life and gladly refer their friends and family. Excellent Service-Efficient Systems-Effortless Transaction!

CRSABReProREALTOR


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