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WELCOME
to this month's real estate update. In this issue you'll find helpful tips for the home owner. Whether you're ready to buy, sell, or just need a few tips for around the house, it's all here.


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OFFERS

OFFERS: How LOW is LOW?

You may have heard the term... your offer on a house is substantially lower than the asking price.  That is considered a "Low Ball Offer".

When you make an offer on a home, the seller will have several options: Accept, Reject, Counter back, or not even respond.  Submitting a low ball offer can sometimes have consequences.  Although the seller may reject, some sellers have been offended to the point of not accepting further offers!

Being prepared and doing proper research can help.  Make sure to search comparables and have an understanding of the home values in the neighborhood.  If the home is in fact over priced, these comparables will help the seller understand that your offer is within the the range of what the previously sold properties are indicating.

Although full price offers are more likely to be accepted by sellers, price does not always dictate the "guts" of the transaction.  There could be contingencies such the buyer needing to sell their current home, seller contributions or substantial repairs, the closing date, the amount of earnest money (if any), or even the type of financing the buyer plans on obtaining.

We all want that perfect "deal".  Don't let that get in the way and possibly lose your perfect home to another buyer.

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