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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	What does the common acronym FSBO (pronounced fizzbo) stand for?
A	For Sale By Owner. (Between 85 to 95% of existing homes are sold with a Realtor's help.)
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Billie Chubb & the Chubb Realty Group, REALTORŽ, real estate agents and broker for North Wilmington, Wilmington, New Castle County and Hockessin Delaware home listings, property and land for sale - NUMBER1EXPERT(tm)

Billie Chubb & the Chubb Realty Group
RE/MAX Associates
2900 B Concord Pike
Wilmington, DE. 19803
Phone : 302-388-8699
Phone 2: 302-478-6425
Fax: 302-478-8116
Email: billiechubb@NUMBER1EXPERT.com
Growing up, I learned the importance of determination and hard work - and I've been putting it to use ever since. I'm dedicated to working for my community and helping people make the best decisions about their most important investment." Simply stated by Billie herself, her mission is to not only provide excellence in real estate services but also to make an impact in the lives of her clients and the community.

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