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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	Which law allows a person to give another individual up to $10,000 a year without any tax consequences?
A	The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year.
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Martha Hilton, REALTOR®, real estate agent and broker for Lewisburg, Union and White Sulphur Springs, West Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Martha Hilton
RE/MAX Vision Quest
111 E. Washington Street
Lewisburg, WV. 24901
Phone: 304-645-7700
Fax: 304-645-4985
Email: marthahilton@NUMBER1EXPERT.com
Martha Hilton is the NumberOne Expert in the Greenbrier Valley area. Her clients & customers receive personal attention in order to achieve maximum results! Martha uses the newest in technology to give her clients the edge in the home buying or selling process. She makes it a point to make sure all are treated as she would want to be treated in a real estate transaction. Martha's credentials include being Owner of RE/MAX Vision Quest, ABR, CRS, GRI, e-Pro 500 - Newest technology designation for Realtors and she is a licensed Auctioneer in the state of West Virginia. Martha Hilton - Broker

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