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Accepting An Offer >Low Offers

In every real estate market, there are buyers who make offers that are far below the current market value of the property. How should you react if your agent brings you one of these "low ball" offers? Here are some scenarios for the seller.

If your home is priced very close to its fair market value, you can simply reject the offer and be reasonably confident that a better one will appear. However, if you have priced your home higher than other comparable homes in the neighborhood, the offer may not be unreasonable.

Ask your real estate agent for advice about the buyer's overall strategy. Do they really want your house or will they move on to another property if you make a counter offer? Can they afford to pay a higher price? Are there ways to close the gap with a small owner take-back, or with terms that will increase your bottom line? Take a hard look at your asking price and explore all your options before saying "no", especially if you are selling in a buyer's market.

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Q	Into what category do forty-four percent of home buying households fall?
A	Forty-four percent of home-buying households are made up of married couples with dependents.
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Trudi Gallagher, REALTORŽ, real estate agent and broker for Armonk, Bedford, Pound Ridge and Pleasantville New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Trudi Gallagher
Houlihan Lawrence Armonk Real Estate
399 Main Street
Armonk, NY. 10504
Trudi: 914-273-4747 ext. 306
Fax: 914-273-9008
Email: GowithGallagher@NUMBER1EXPERT.com
Do you need help selling or buying a home in Northern Westchester? I am an experienced, friendly, educated and professional FULL time Realtor that services Northern Westchester. Although I specialize in the luxury home market, I have the expertise, educational and rock solid experience in ALL price ranges from condos to multi-million dollar homes, sales and purchases. Your satisfaction as a Seller or Buyer is my future referral base! I have assisted overseas Relocation customers and speak several European languages and have lived in Asia and Europe for many years. I understand the culture and the culture shock of moving internationally, and have over 24 Years experience in Real Estate!

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