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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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What is the world's longest frontier?
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At 3,987 kilometers (3,987 miles), the border between Canada and the U.S. is the longest in the world. |
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Kittle Team Keller Williams 2580 E. Harmony Road Ste 201 Fort Collins, CO 80525 970-690-4920 Fax: 970-377-3701 robkittle@NUMBER1EXPERT.com
As a leader and owner of the Colorado Home Specialists, Rob graduated with honors from the University of California in Santa Barbara with a B.S. in Hydrology and a B.A. in Environmental Sciences. After purchasing his first home in Fort Collins shortly after graduating, he was intrigued as to why there were so many students who were renting when could own a home and enjoy the benefits that home ownership provides. This passion led to a full time career in Real Estate where he initiated a first time home buyer program for the Colorado State University Students.
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