Fielding a low-ball offer is like shooing away a fly. They just keep coming and after sometime, it becomes pretty hard to avoid them because at that point, you think to yourself, “Is my asking price so wrong and so incomprehensible that people are quoting such a low price?”
Before you get your emotions involved and become frustrated with the offers, think about your asking price on your home for sale in Sandy Springs, GA.
Did you set it according to the market value?
Did you readjust it after looking at the comps?
Did you get a professional quote online?
These questions can tell you about where you are going wrong and how you need to set the new price. In the meantime, here’s what you need to do to field a low-ball offer:
Get Your Emotions into Control
So, you got an offer. The good thing is someone wants to buy your house but the bad thing is they have quoted a low price. Unless the price is laughably low, don’t reject it. Ask the buyer the reason behind his offer and then proceed from there. This brings us to the next point.
Prepare Counter Offer
One of the biggest reasons behind a low-ball offer is fear. Buyers fear that by quoting a price based on current real estate market trends, they might be overpaying. This is just a way to test you limits. Your job is to backup your asking price with facts. List down all the benefits they will be getting and how your price is just right for what you are offering.
· Are the Terms Reasonable?
Don’t turn away an offer on your home for sale in Sandy Springs, GA just because you “feel” the price is not right. Dissect it from every angle and think about how fast the buyer is willing to purchase the house. This is where a preapproved mortgage tips the scales in the buyer’s favor.
Have a Look at the Buyer’s Comps
To prove their point, often buyers attach comps with their offer to convince you that the offer is not low-ball. If this happens, look at the information they have provided and compare it with what you have researched.
Don’t Show Any Signs of Depression
Yes, you are depressed that buyers are coming with such low-ball offers but that doesn’t mean you let it show on your face. Why are you selling the house?
Is it because you got a promotion?
Is your family expanding?
Do you want a small house to lower down your maintenance cost and bills?
Are you getting divorced?
Don’t let buyers know that you are in a hurry to sell the house or they will take advantage of your situation. Always be at you’re A-game.
Selling a house on your own can be very stressful. You need to make sure that your home for sale in Sandy Springs, GA is appraised at the right value and the home inspector is fair but meticulous in his inspection. False details can lead you into hot waters and then, your house will stay on the market for quite some time. With so many websites available for buyers and sellers, you can now easily find a house online and even compare prices. To make sure that your house falls in the right category that buyers are looking for, find out its current value by visiting America’s Network Reality Group Inc.