Those that are looking to sell their houses are probably excited. They’ve talked to their agent, and they understand the market for their neighborhood. But, be warned. Not every buyer will be as educated as you.
Some buyers will approach a house seller with an offer that is well below the asking price. While it may be obvious the buyer hasn’t done his homework on the house, neighborhood or market, it should not necessarily mean that the sale cannot happen.
Sellers should not immediately turn a buyer away because the offer is too low for their liking. They may not have understood what went into the asking price.
Communication is vital in this situation. If you haven’t already done so, show the buyer what improvements you have may have done since you bought the house all those years ago. Show them the additions you’ve made to the house. It could be in the form of renovations or even new equipment (such as new appliances) that you’ve paid for. Knowing this information may encourage the buyer to raise their offer.
However, if that doesn’t work, you can always write a counteroffer. Show them that you are willing to work with them. Of course, you don’t want to go too low. That would show that you are letting them walk all over you.
Stay strong. You chose that asking price for a reason. With a little cooperation and negotiation, you may just wind up getting exactly what you wanted for a price that satisfies both of you.
The Powell Group invites sellers and buyers to continue communicating until both sides are satisfied. While it may mean some compromise, we are sure you will be happy with the end result. We are also sure that you will find your next dream home by looking on our website and viewing all the available houses in our area. Our team members are here to answer all of your questions and concerns.