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Real Estate Offer : Reasons Why You Shouldn't Reject Instantly!

Sep 3, 2008
As sellers, we all get thrilled when the real estate agent informs us that a real estate offer is made on the property to be sold.

The first thing any seller eager to know will be how much is the offer. Mostly the seller will feel that the real estate offer made by the prospective buyer is a low offer. This will make him irritated and the seller will not reciprocate to the offer. They will impatiently reject the real estate offer instead of going through it.

Any real estate offer on your property is a good indication. This simply tells that some are there in the market eager to buy your property. You need not agree with the terms, but it is always advisable to go through it. Look more carefully about the offer and you can counter the real estate offer made. In this way you are getting a good platform to put forward your arguments.

I know many people who missed many good real estate offers as they instantly rejected the offers. If the buyer asking to reduce little bit on your asking price, it can be a prospective buyer for you. You can counter it with higher price and negotiation can go on.

In fact many buyers ask more advantages from the seller other than the reduction of the price. Specifically they may ask for closing costs or to pay points. As all of us know most lenders ask for 1% per point and if you agree to pay points, you will be losing much than the lower price.

So before turning down a real estate offer asking some reduction in the selling price, you have to go through it properly. You may please calculate and see how much you will lose if the buyer asks for closing costs or to pay points.

You will be benefited if you counter an offer instead of simply rejecting it. You can start negotiating and reach in perfect agreement with the buyer. Do not expect that a buyer just agree for what you asked. So think before rejecting an offer.

You have to be patient and you have to put proper thinking process, then you can convert any real estate offer to a valuable solid proposal.

In fact you can reject or accept any offer made by a buyer. You will have enough time before taking a decision. You can think over the proposal and make counter projections. The agent then can submit your offer to the buyer. This way if you proceed, you can be assured of clinching a great deal.

The countering of a real estate offer is the nerve of any real estate deal. Once the deal is settled make sure that all of the items discussed find a place in the contract. After all, as a seller you want to sell your property, so do not reject any real estate offer come into your way.
About the Author
Prue and her 1-of-a-kind site at http://www.realestatebloom.com (where else?)helps you to make money in ways you've never known. Discover how to be a millionaire making money via real estate investment within days, even in a down market!
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