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Accepting An Offer >Low Offers

In every real estate market, there are buyers who make offers that are far below the current market value of the property. How should you react if your agent brings you one of these "low ball" offers? Here are some scenarios for the seller.

If your home is priced very close to its fair market value, you can simply reject the offer and be reasonably confident that a better one will appear. However, if you have priced your home higher than other comparable homes in the neighborhood, the offer may not be unreasonable.

Ask your real estate agent for advice about the buyer's overall strategy. Do they really want your house or will they move on to another property if you make a counter offer? Can they afford to pay a higher price? Are there ways to close the gap with a small owner take-back, or with terms that will increase your bottom line? Take a hard look at your asking price and explore all your options before saying "no", especially if you are selling in a buyer's market.

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Q	From 1974 to 1996, what was the world's tallest habitable building?
A	The Sears Towers, headquarters for Sears, Roebuck & Co., with 110 stories and 1,454 feet high.
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The Francis Group, REALTOR®, real estate agents and broker for Portland, Beaverton and Hillsboro Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

The Francis Group
Hasson Company Realtors
9755 SW Barnes Road, Suite 155
Portland, OR. 97225
Direct: 503.297.5117
Toll Free: 877.243.8734 (2GETSFG)
Fax: 503.297.5593
Email: sherry@sfgteam.com
Sherry's dedication to superior service has made her one of the top-producing Realtors in Portland. Her warm, enthusiastic, people-oriented approach and unparalleled service has resulted in lasting friendships, repeat customers and personal referrals. She has helped well over 1,500 families market or purchase the perfect home. That's over $275,000,000 in property SOLD! To insure you receive the service and communication you deserve, Sherry has put together a team of professionals to make sure each step of the transaction runs smoothly and efficiently. Just call or email to get started with the best!

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