My Advice on Handling Lowball Offers on Your Home
Let’s say you have your home on the market for $300,000 and an offer comes in at $250,000. You’re hoping to get at least $280,000, so you have every right to decline the offer right then and there.
However, you can also counter this lowball offer. I would typically advise at least trying to counter in this kind of situation. Here’s why. A lot of buyers, especially first-time buyers, have the mentality of “let’s see what can happen” when they’re making a lowball offer. Someone with that mentality will typically bring their price up more than you think after negotiation. They may come up to $260,000 or $275,000 quicker than you think.
If you have any questions for me about this specific situation or about anything else related to selling your home, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.