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Mirror Image of a Low Ball Offer = High Ball Counter
We've come across some Blog posts about the topic of Buyers making offers to purchase homes significantly lower than the asking price. We can certainly relate to how other REALTORS feel about this topic, (and this post is NOT about having a HIGH Ball to help you deal with offers like this :) .... Recently we've had to deal with a low offer that came in on a property we had listed for sale in NW Indiana.
The saying /strategies "some offer is better than no offer" & "let's try and work with this" don't always go over very well with some sellers we represent. Especially when the offer price is very low = 26% below the list price!
The Proverb(28:25)GREED stirs up dissension,comes to mind.
Now if the home were in foreclosure, or had mold or was a fixer upper, or missing major mechanicals like the furnace, A/C and hot water heater, we may understand the low offer.
Or, If the buyers agent would send over recent comps to justify the stock market like price drop - we would certainly do a double take (and wonder why didn't we already see those comps when we ... more
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