A short discussion on why getting lowball offers can be a good thing when selling your home…
I know we have all seen our share of unrealistic lowball offers, especially lately. We have conversations with people saying they will make any offer they feel like, usually said in the rudest way possible. And these same rude people want to call and talk about how they will make any offer they feel like, but they will not actually put pen to paper.
Thanks for wasting 10 minutes of my day showing me your intelligence regarding local market conditions.
I even read an article about low ball offers. A home is not worth what you offer, it is worth what the seller will take, or it is worth what recent comparable properties have sold for. Many ways to look at it. Just because I want to offer the Chevy dealer $5000 for a new Corvette does not mean they have to take it. No matter how many bad stories I have heard the media relay about GM and it’s economic woes. A Corvetter is still worth what it is worth, not what I wish I could pay for it.
But in my normal way of finding a silver lining to every gray cloud I see several good things that happen with lowball offers:
I got an offer, I showed that my marketing got a buyer, even if they are rude & unrealistic.
A lowball offer is a starting point for negotiations.
Do not be offended. Take this golden opportunity to counter.
Every buyer in this market is wanting a bargain.
Don’t bite your nose off to spite your face.
Counter every offer, no matter how unrealistic it may be. It may lead to a sale.