Home AdviceReal Estate Articles July 2, 2024

Responding to A Low Offer

Selling your home can be tough, especially when you have lots of memories there. It can be even harder when you get a low offer. But don’t worry! Here are some tips to help you handle it responding to a low offer.

 Think Like a Buyer

First, remember that buyers don’t feel the same way about your home as you do. They want to buy a house for the best price they can get. Things that you think are special might not seem that way to them. Keeping this in mind can help you stay calm during negotiations.

Make a Counteroffer

When you get a low offer, don’t take it personally. Instead of ignoring it, make a counteroffer. Your agent can help figure out what the buyer really wants. Make your counteroffer based on that. If you get upset, it can make the buyer upset too, and that can make it harder to reach a deal.

Expect More Negotiations

Be ready for some back-and-forth offers. It might take a few tries to agree on a price. Don’t just focus on the price. You can also talk about other things like inspections or who will handle the closing. If you think the buyer might back out, try adding something extra to the deal, like a playset or tools in the garage. Giving them a little more can help you get what you want.

Communicate Well

Good communication is very important. Make sure everyone—buyers, sellers, and agents—understands each other. Clear communication helps avoid misunderstandings and keeps the negotiation on track. The goal is to find a deal that makes both sides happy.

By staying calm, thinking like a buyer, and communicating well, you can handle low offers better and make a good sale.

If you enjoyed Responding to a Low Offer, make sure to check out ERA Liberty’s other blog articles. We blog about all things real estate, local eats, and happenings in and around our community.

For all your home buying or selling needs, ERA Liberty Realty is always there for you! We are here to help you no matter where you are, we have agents licensed in West Virginia, Virginia, Maryland, or Washington DC! Reach out today to get your real estate journey started!