Tips for Sellers Receiving Low Ball Offers

Because you price your property correctly - which is at a price similar to recent solds - doesn't mean you won't get a low ball offer. So how do you handle the situation?

Either the buyer is offering a low price in the hopes he may be successful, or he and/or his Realtor are mistaken about the current market value and perhaps are not familiar with the neighbourhood..

Stay calm and negotiate! Have your Realtor find out if the Buyer has a pre-approved mortgage, ask if they are expecting a counter offer. They may not answer the last question honestly. So counter the offer at almost full price and if they dont not come back with a realistic counter, you will likely not reach an agreement.

Low ball offfers generally occur in buyers - not sellers - markets.

Selling your Vancouver condo and have a question? Call Maggie 604-328-0077 SERIOUSLY LOCAL!

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