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Real Estate Tips
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.

See All Tips In The "Accepting An Offer" Category >
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Real Estate Trivia
Q 
What bizarre post-midnight pageant celebrated the great transformation in Manhattan architecture during the 1920s?

A 
Beaux-Arts Architects' Ball (January 23, 1931) at the Hotel Astor commemorated the end of the first skyscraper age.
See More Real Estate Trivia >


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The Jeff Scofield Team, REALTOR®, real estate agent and broker for Rochester, Pittsford and Brighton, New York home listings, property and land for sale - NUMBER1EXPERT

The Jeff Scofield Team
RE/MAX PLUS

2171 Monroe Avenue
Rochester, Pittsford and Brighton, NY 14618
585-721-3010
585-730-9110
Email: BuynSell@Rochester, Pittsford and Brighton.rr.com

As one of America's NUMBER1EXPERTS™ in the Rochester area, Jeff has a passion to ensure that his buyers get the best home at the best price. His utilization of master negotiating skills, extensive knowledge of the local housing market, and attention to detail have successfully served hundreds of buyers. Jeff utilizes his MBA in marketing to successfully market the homes of his sellers. His marketing system provides an unequaled amount of advertising and exposure for his clients' homes along with sound advice on presentation and price. Call or e-mail him today!!!

CRS ePro GRI MLS SRES wcr CRB CBR ABR Equal Housing REALTOR


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