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How do you convince a seller to take a good offer in a down market?

By
Real Estate Agent with Keller Williams Capital Partners Realty 277320

Just listed the home 10 days ago. Had one positive shoiwng and had a very good offer. We made a counter offer, and the buyer did the same. I almost lost the sale. "you really should not take the first offer:' I was told. I replied "The first offer may not only be the best offer, but it may be the ONLY offer in this market'

 

The offer was for 97.4% of the asking price. Used stats and data to convince the seller they should take it.

 

I would think in the hard market we are in sellers would be more receptive to offers like this one!

 

Have you had this problem recently?

Comments(4)

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Laura Gray
RE/MAX Realty Group - Gaithersburg, MD

Joe - The offer just camein too fast , so the seller automatically assumes he (or you) under priced his house. They (the sellers) forhet that the buyers may have been looking for the right house in the best location for months and are ready to BUY now.

May 05, 2009 01:13 AM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

Laura

 

that is a good point that I have to remmber!

May 05, 2009 01:17 AM
Mark Hitz
Keller Williams - The Colony, TX

Joe - Stats & Data are the best way to provide solid client assistance.  Your clients just needed resurance and you gave it to them.  Think about it, what do sellers want? To sell their home at fair market value in the shortest time possible.  This is what occurred.

May 05, 2009 04:04 PM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

Mark

Thanks for your comments

May 05, 2009 11:26 PM