It is up to the seller whether or not they respond by countering to what they think is a" lowball" offer.
But in my experience, I think that are many arguments to recommend that, YES, It just might pay off.
I have had some offers come together that at first glance seemed impossible.
You never know until you negotiate it out to the end to see if both parties can feel that they are benefitting from the transaction.
Here is some free advice:
- Take the " emotion" out of the situation by understanding real estate offers are not " personal"
- Get the current statistics for home recent sales, average days on market, and price per square foot, ect.
- Try to remain open to the procsess and seek advice from trusted experienced sellers if need be
- Trust that your agent has your best interest in mind, and if you do not truly believe this, maybe you need a new Realtor!
- Be realistic about what your home is worth ( no sentimental value!)
- Think of the big picture
- Physically tour your competition
I am recommending appraisals for some of my listings. I don't do this often, but sometimes it is good for the seller to know that the Realtor is not the final word on value. The buyer's are clearly in the drivers seat, and a professional appraisal prior to listing just may answer some questions for everyone involved.
In 2008, 2 out of 3 homes listed for sale in Spokane Wa. NEVER SOLD. That is why I advise trying to work with what might seem like a " lowball offer". Inch by Inch, it just might come together!
Food for thought...
BethAnn Long ~ Spokane Realtor- Coldwell Banker Tomlinson South Inc.
...there's no place like your home!