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Real Estate Tips
Accepting An Offer >Responding to Low Offers

The beginning of negotiations is usually the end of many months of hard work for the buyer or seller. The work ahead requires skill in order to maintain a strong position.

Sellers can lose their advantage if they do not counter an offer that a buyer has made. Even if the opening offer is beneath what the seller feels is reasonable, it is advisable for the seller to respond with a slight reduction from the asking price. The most important component in negotiating is good communication.

The best way to handle a low offer is to counter it with definite terms that are favorable to the seller. A counter offer has two advantages: 1) it keeps the buyer interested, and 2) it moves the negotiation forward and gives the buyer the opportunity to submit another offer that the seller is more likely to prefer.

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Real Estate Trivia
Q 
What is the average price for a home in the United States?

A 
According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000.
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Mike Burright, REALTOR®, real estate agents and broker for Portland, Milwaukie and Oregon City Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

The American Dream Team
Keller Williams Realty East Portland

9200 SE Sunnybrook Blvd., Suite 450
Clackamas, OR 97015
Toll-free: 877-286-1724
Fax: 503-924-3453
Email: Info@DiscoverPortlandHomes.com




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