Stockman Farrar Group - REALTY EXECUTIVES | Waltham, MA Real Estate, Watertown, MA Real Estate


Homeowners put a lot of time, money, and effort into maintaining, updating, and decorating their homes. So, when it’s time to sell it can be frustrating to receive a lowball offer on your home.

Many sellers aren’t sure how to react to a low offer. However, with so much at stake it’s important to go into selling your home with a plan.

In this article, we’re going to talk about how to handle a low offer on your home so that you can capitalize on even the less-than-ideal prospects when selling your house.

Every offer deserves a polite response

So, you’ve gotten an offer on your home that you consider to be way too low. The first thing you need to do is to detach your emotions from the situation so that you can formulate a polite, but appropriate response.

It is the custom of many people around the world to negotiate. And one common practice in negotiation is to start with a low offer. Therefore, don’t be offended if you receive an offer that is low as it likely isn’t meant as an insult to you or your home.

We understand that selling can be frustrating, so if you need to vent, talk it over with your family or agent. Together you’ll be able to get past the initial frustration and come up with a quick, practical response to the offer.

Counter the offer anyway

Even if you think there’s a small chance that the prospective buyer will raise their offer to fit your requirements, it’s still worth providing a counter offer. This will make it clear to the buyer that you have received their offer and considered it.

Failing to provide a counter offer could mean you miss out on a serious offer in some cases, so it’s worth the small amount of time it takes to provide.

Don’t waste too much time negotiating

So, you’ve sent a counter offer and have received a response that still isn’t getting anywhere close to what you’re looking for. Now what?

In this situation, it’s best to send a concise and cordial message to the buyer that you won’t be able to adjust your offering price any further and then thank them for their time. After this point, it likely isn’t worth your time to continue negotiating.

Low offers can be helpful

If you’re getting a lot of low offers and none in the range you hope for, it could be time to reconsider a few things. You might want to try a new approach, such as staging the home or highlighting certain details that you may have missed. If your listing photos aren’t up to par you can upload new ones that are higher quality with better lighting.

Next, see if the comparable listings in your area have gone down in price. A substantial change in the local market since the time you listed your property is, in some cases, enough to influence the offers you receive.


This Single-Family in Boston, MA recently sold for $750,000. This Bungalow style home was sold by Stockman Farrar Group - REALTY EXECUTIVES.


125 Cornell St, Boston, MA 02131

Roslindale

Single-Family

$725,000
Price
$750,000
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
OPEN HOUSE CANCELLED. Gracious, elegant and deceptively large, expanded bungalow featuring natural woodwork & craftsman period detail and charm throughout; a spacious living room with ornamental fireplace and hardwood floors & a large formal dining room great for entertaining. The renovated eat in kitchen features granite counters, stainless steel appliances, modern cabinetry, and lovely tile flooring. A half bath, storage/mud room and laundry complete the first level. The upstairs bedrooms all have hardwood floors and unusually large closet spaces including dual closets in the primary bedroom. Relax on the rear deck and overlook the landscaped fenced yard with private dog run area, or enjoy a warm evening on the enclosed front porch. The garage makes for great additional storage or work room.

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This Single-Family in Lowell, MA recently sold for $355,000. This Gambrel style home was sold by Stockman Farrar Group - REALTY EXECUTIVES.


131 Bellevue Street, Lowell, MA 01851

Single-Family

$329,000
Price
$355,000
Sale Price

6
Rooms
3
Beds
1
Baths
Charming, sunny gambrel colonial featuring remodeled granite countertop kitchen with newer kitchen cabinets & tile flooring; and gleaming hardwood flooring throughout. There is a living room open to a formal dining room with sliders to a spacious deck overlooking the yard. 3 bedrooms and tiled bath complete the upstairs and a large basement provides excellent storage. There is a good sized backyard with a shed as well. The house has maintenance free vinyl siding, and an enclosed front porch to enjoy your morning coffee. Convenient Highlands location close to shopping, dining, and quick highway access.

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This Single-Family in Milton, MA recently sold for $700,000. This Colonial,Gambrel style home was sold by Stockman Farrar Group - REALTY EXECUTIVES.


12 Parkway Crescent, Milton, MA 02186

Single-Family

$599,900
Price
$700,000
Sale Price

8
Rooms
3
Beds
1/1
Full/Half Baths
The perfect place to live? Located off the historic Blue Hills Parkway which was designed by the noted landscape architect Charles Eliot, sits this delightful Dutch/Gambrel on the end of a dead-end street. The exterior of the home is brick & Cedar Impressions siding. You enter through a covered porch into a warm foyer with coat closet. The first floor has a fireplaced living room, a sun-lit den, an oversized dining room with a built-in hutch, an oak cabinet kitchen and a half bathroom. The second floor features 3 bedrooms, an office (or walk-in closet) & a full bathroom. Throughout this attractive home are gum-wood doorways and hardwood floors. The basement is walk-out and offers finished areas with high ceilings for additional living space. Outside is a 1-car garage and a level yard. The location is simply to die for! The home abuts the Pine Tree Brook walkway which accesses Pope's Pond, the High School, Pierce Middle School & more. What a terrific place to raise your family! Wow!

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If you plan to sell your home, it often is a good idea to learn about property showings. That way, you can prepare for showings and boost the likelihood of a fast, profitable property selling experience.

Now, let's take a look at three things that sellers need to know about home showings.

1. A showing may make or break the house selling journey.

As a house seller, you only get one chance to make a positive first impression on a potential buyer. And if your home fails to impress a buyer, this individual is likely to move on to other residences.

By taking care of your home, you can make it easy for a buyer to fall in love with your residence during a showing. In fact, completing home maintenance tasks can make a world of difference in the eyes of property buyers.

Mowing the front lawn and trimming the hedges can help you bolster your residence's curb appeal. Meanwhile, removing clutter, vacuuming the rugs and scrubbing the floors enables you to improve your home's interior. And if you perform these home maintenance tasks prior to a showing, you can help a buyer envision what life may be like if he or she purchases your residence.

2. Even an unsuccessful home showing provides a valuable learning opportunity.

If a home showing fails to result in an offer to purchase your home, there is no need to worry. A home seller should view each showing as a learning opportunity and use it to find ways to upgrade his or her residence.

Remember, there is always room for improvement, especially when it comes to differentiating your house in a competitive real estate market. And if you take a buyer's feedback after a showing to heart, you can use this feedback to explore innovative ways to improve the look and feel of your home.

3. A home seller should strive to be flexible with property showing requests.

Ultimately, a seller may receive home showing requests on short notice. And in these instances, it helps to accommodate buyers' requests.

If a seller is willing to temporarily vacate his or her house to accommodate a last-minute showing request, this individual can make it simple for buyers to view the residence without delay. As a result, this seller can show his or her house to many potential buyers to speed up the property selling cycle.

As you get ready to show your residence to buyers, it usually helps to hire a real estate agent. This housing market professional can teach you everything you need to know about the house selling journey and ensure you are fully prepared for any challenges that may come your way. Best of all, a real estate agent will do everything possible to help you promote your residence to dozens of prospective buyers so you can maximize your home sale earnings.

Hire a real estate agent today, and you can start showing your residence to potential buyers.




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