Turning Lowball Offers On Southlake Homes Into Potential Sales

Receiving another too-low offer on your home in Southlake?  Turn your frustration into a potential sale by using these tips on fielding lowball offers:

1. Put your emotions on check.  This is the most important thing to remember.  An offer to purchase, even a lowball offer, means someone wants to purchase your home in Southlake.  Unless the offer is ridiculously low it deserves a response, that response could be a counteroffer or a rejection.  Be patient, remain calm and discuss the many ways you can respond to a lowball purchase offer with your agent.

2. Respond with a counteroffer.  Unless you have multiple offers on the table, the best thing to do is to counter the lowball offer with the best price and terms you’re willing to accept.  Most buyers make a low offer because they think that’s the standard, they’re afraid of overpaying, or they want to test your limits.  A counteroffer signals that you’re willing to negotiate.  One strategy for your counteroffer is to lower your price, but remove any concessions such as seller assistance with closing costs, or features such as kitchen appliances you’d like to take with you.  Once the buyer sees the lower price right off the bat it will make them feel like they are getting somewhere.

For more tips on getting the deal done visit Southlake Real Estate Tips