4 Ways to Professionally Create a Counter Offer on a Low Ball House Purchase

Lowball offers are typical during the home selling and this piece of paper actually frustrates most home sellers. While this is a bit upsetting, recognize the value of receiving such interest from prospect buyers.

Although low ball offers are easy to trash, take advantage of the opportunity to counter the offer and sell your house fast at a fair price, not necessarily at your bottom line.

Read: 5 Easy Steps to Counteract Lowball Offers

4 Ways to Professionally Create a Counter Offer on a Low Ball House Purchase sell your house fast washington DC.

Counteroffers are commonly generated by the seller usually after your prospect buyer made a purchase offer. And this includes the seller’s acceptance subject to some consideration. These usually include the following:

1. A higher price offer

2. Larger earnest money deposit

3. Rebuff of fees

4. Changing closing date, and

5. Including or excluding personal properties

So how will you professionally create a counter offer without creating embarrassment and conflict to both parties? Here are 4 ways to do.

4 Ways to Sell Your House Fast with a Counter Offer

Investigate sell your house fast washington DC1. Find the Reason of Buying the House

Do not easily get upset when someone makes a low ball offer. It’s fine. While you are creating a counter, investigate a bit on why the buyer is in need of a new property.

Ask your prospect indirectly of the reason for the move. If it’s due to a job transfer then your buyer need to seal the deal quick.

Use this to your advantage in making your counteroffer.

Read: 13 Common Reasons Why Americans Sell their Homes

4 Ways to Professionally Create a Counter Offer on a Low Ball House Purchase sell your house fast washington DC.2. Include an Incentive

One way to counter a lowball offer is to include incentives on your response. These perks lure your prospects to agree on the proposal. Usually, first-time homebuyers get excited for these, which ease the hassle and close the sale quick.

Samples of incentives to give your prospect include paying for the moving expenses, allowance for the repaint and window treatment, home and appliances warranty, or offering a later or earlier closing date depending on your buyer’s needs.

These perks can do the trick.

4 Ways to Professionally Create a Counter Offer on a Low Ball House Purchase sell your house fast washington DC.3. Delay the Offer

Put pressure to your buyer by delaying the counter offer. One to three days of waiting period will suffice. During this time, check for other offers from interested buyers and see if there is a better opportunity.

Remember that home selling is not on a first come first serve basis. You are free to entertain offers from many prospects as much as you want to. Moreover, keep an eye to those who are making good and fair bids. They might be more serious in purchasing your home.

While making a counter-offer is advisable, consider the time you are allocating in sending the papers back and forth. Don’t settle for a single buyer. The longer your house sits on the average market time frame, the lesser it became hot and reasonable for buyers.

4 Ways to Professionally Create a Counter Offer on a Low Ball House Purchase sell your house fast washington DC.4. Befriend your Prospect Buyer

Give and take in home selling is a common placeholder. Once buyer request for something, of course, you should get something in return. This tactic slows down future requests from buyers as they see the results of doing such.

Moreover, don’t give into the ploy of the most common, “This is all we can afford”. This is a widespread strategy used by many homebuyers. When this happens, respond politely emphasizing that your house for sale is worth lot more than their absurd offer. A serious buyer would come back with a more serious and better proposal.

Read: 5 Types of Home Buyers You Will Meet in Selling Your House

If you are selling your home with a co-owner, play the deal by appearing on the buyer’s side while your partner acts as someone who is strict and reasonable. This way, you are creating a relationship with the buyer, which you can use to sell your home fast.

Creating a counter offer is not a hard game. Just learn your numbers and do the right thing to seal the deal. Keep the focus on selling your house fast and get the top dollar by making reasonable offers that won’t deter possible buyers from pursuing the business with you.

Moreover, make sure that your house is in its best shape before you execute this negotiating strategy. It should be in an excellent condition and if possible turnkey to get more eyes and offers from prospects. Otherwise, your house may linger long in the market and reduce its selling value.

If you want to sell your house fast, deal with the Home Buyers. We buy houses fast at a very competitive and fair price. We don’t make lowball offers as we value your home like you do.

Feel free to message or call us. We are always available to serve your needs. We don’t mind if you want it urgent.

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5 Easy Steps to Counteract Low Ball Offers

Selling your home is somehow tricky. You have to go through intensive processes and accomplish several coursework to finally bring your property out of the market. Usually, this includes your home repairs and improvement projects,  marketing strategies to sell a house faster, and finding comps for your house to  come up with a fair value for your property.

You are done with all of this hard stuff and have posted your property for sale. After several weeks of your live advertisements, fortunately, you are receiving purchase offers from interested buyers. However, upon reviewing the documents, all you get are low ball offers. Frustrating, isn’t it?

What is a Low Ball Offer?

A low ball offer is a purchase offer from a buyer that is lower than the seller’s asking price. Typically, low ball offers are far less than your house’s worth. This kind of offer, in some way, frustrates or insults home sellers.

If you were able to receive such offer, don’t feel any aggravation as this commonly happens to the majority of home sellers. Instead, follow below steps to respond to low ball offers.

Stay Calm1. Stay Calm

You have spent thousands of dollars and exerted so much effort to build your home. Then you just received an offer that is insultingly lesser than your house’s worth.

Although some home sellers would feel upset with this purchase offer, it’s vital to you keep your composure. That normally happens to every home seller.

Moreover, don’t just easily dump the offer as it is when the real business begins. Don’t let your emotion ruin the sale instead make wise business decisions to come up with a pleasing offer that both of you would agree.

Remember, you have found someone who’s interested in purchasing your house. Turn this probable buyer to a serious buyer.

Focus on selling your home2. Focus on Selling Your Home

Low ball offers must not hinder you to make necessary actions to sell your house fast in Washington DC. Remind yourself that you are making a business so you should focus on this goal. Taking the insult seriously won’t help you anyway.

Find more offers. Work on your marketing strategies and study the market trends to uncover more possibilities.

Read: 12 Ways to Market Your House For a Quick Sale

Review the Terms of the Purchase Offer.3. Review the Comparable Market Survey

The initial process in home selling is to prepare and review the comparative market analysis to help you price your house competitively. However, since the real estate market changes rapidly, the analysis only remains consistent for a couple of months. Therefore, you have to revisit the comparative sale prices within a certain time span.

Prices go up and down and it is possible for your property to get below or above the listing price and become incompetent. If you get low ball offers, request for your buyer’s list of comparables and vet whether their purchase offer meets the current market value.

Some buyers don’t have the list and just made offers according to statistics that aren’t legit and real.

Retort with a Counter Offer..4. Review the Terms of the Purchase Offer

Although the price is the biggest factor in selling your home, it is not certainly the sole thing. So if ever you received a lowball offer, don’t immediately reject and abandon the document. Price is only a single component out of the many factors and terms so assess the offer before you rip it off.

The terms to consider includes the concession date, inspection contingencies, seller concession amount, and possession date, amount of earnest money, the amount of repairs, buyer’s down payment percentage, and type of financing your buyer will take.

Review the Comparable Market Survey.5. Retort with a Counter Offer

Receiving a low ball offer means someone is interested in your property. Grab this big opportunity. Instead of getting frustrated of their proposals, make way to flip the insult to a chance. Respond with a counter offer.

Your counter offer should include your lowest and final price. By doing this, you eliminate playful buyers and avoid the exchange of offers every now and then.

However, if you make a counter that offers the full price, buyers would possibly deter from sealing the deal.

Low ball offers are part of the game so don’t stress out. All you can do is to follow above steps to make this challenge as an opportunity to sell your house at the price it deserves.

Or you can sell your house to the Home Buyers. We buy houses and make a guaranteed fair offer for any property no matter the condition is.

You will never get low ball offers from us. Contact us now so we can close the deal as early as 7 days. Ready? Click here!