Home Buying & Selling Tips for Kenai, Soldotna & Real Estate on the Kenai Peninsula Alaska

Receiving a Low Ball offer! 

Receiving a low ball offer isn’t the end of the world, so don’t get angry or upset at the potential buyers. When submitting a low offer, buyers should be aware they run the risk of insulting the sellers and getting their offer flat out rejected. Rejecting a low ball offer is one of the worst things a seller can do.  Even if you counter back at full price, this is better than completely disregarding the low offer.  You have to remember that this is now a negotiation process between you and the buyers.  Try to figure out the buyer’s motivation behind the low offer, are they serious buyers who didn’t know what to offer or are they bargain shoppers looking for a steal?  

Getting your Low Ball offer accepted!

So, you’ve decided to make an offer on a property that is substantially lower than the listing price, often called a “low ball offer”.  Before submitting your offer, there are several things to consider which might help you get your offer accepted.  Do you have specific data that shows your offer is in line with recent sales?  Are there contingencies in your contract?  Fewer contingencies increase your chances of getting accepted.  Make your offer as appealing in other areas of your contract as possible.  For example, offer to close within a very short time frame, allow the sellers to stay in the home for a month or two until they find a new home.