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Are you planning to ignore the lowball offers you receive on your property? Think again. When you receive a lowball offer on your home, my clients’ first inclination is to ignore the low offers entirely—and who can blame you? When a buyer offers to buy your home for a very low price compared to its original selling value, it may seem like a waste of time to engage. But that’s where you’re wrong, and that’s why people hire me to represent them. Today, I’ll share how I help my clients respond to lowball offers effectively.
One thing you should understand about lowballers is that these buyers are interested in your house and can envision themselves living in it. You just need to negotiate with them to reach your desired price.
At Matt O’Neill Real Estate, we don’t ignore those offers, no matter how ridiculously low. Instead of responding with frustration, we recommend a strategic counteroffer. For instance, if you receive a $700,000 offer, counter back at $999,000. This approach tests the buyer’s commitment and signals that you know the value of your property.
If someone takes the time to write an offer, it means they are seriously considering your home. By countering with a price close to your original listing, you reinforce the value of your property and encourage the buyer to meet your terms. Other times, you’ll discover reasons why they made the low offer, which you can negotiate with your agent.
Receiving a lowball offer may be far from pleasant, but it’s important to respond thoughtfully. Work with your agent to craft a strong counteroffer. You’d be surprised how often we can turn low offers into successful sales.
For more tips or assistance, reach out to me today. Call (843) 619-0401 or email me at sales@mattoneillteam.com. I would be more than happy to help you sell your home fast at the price that you want. I look forward to hearing from you!
