For Sellers - How to Avoid a Low Ball Offer and what to do if you receive a Low Ball Offer by Mike Stewart Vancouver Realtor
By Mike Stewart on January 21, 2009 - 5:37pm
For Sellers - Lowball Offers and how to avoid them and what to do if you get one by Mike Stewart Dow By Mike Stewart
View in HD Download 480p Version Visit Mike Stewart's ExposureRoom Videos Page
For more information on Lowball offers and how Sellers can avoid them and what do if they get one have a look at my Vancouver Real Estate Blog
Lowball offers are much more common in the Vancouver Real Estate Market of today because of falling prices. If you are selling a property in Vancouver you may have or probably will get a lowball offer.
How to avoid a Lowball offer.
DON'T OVERPRICE YOUR PROPERTY!! Price your property according to the market conditions of today not what a similar property sold for 3 months ago or last year. Properly priced listings will have several interested buyers. With a well priced listing the Seller can realistically expect to get a lowballing buyer up to an acceptable price or if the lowballing buyer is not open to negotiation, wait for another better offer from the other interested buyers.
What a Seller should do if they get a lowball offer.
Don't get angry! Get even by giving a counter offer. A lowballing buyer may be bluffing to see if the seller is desperate. The best way for a Seller to call this bluff is to give a counter offer to see if the Buyer will come to a price the Seller finds acceptable. The only way to know is to try!
If you have any questions on this post feel free to contact me at anytime
