Thursday, March 11, 2010

#TipsForHomeSellers:#Negotiating Offers

It's called a buyer's market for a reason, the buyer's have the power.  If you have your home for sale, and you receive an offer, here are some things to consider before making your decision:

-Your 1st offer is almost always your best offer, so try to make it work

-If you are not happy with the offer, take into consideration your monthly expenses (mortgage payment, taxes, insurance, utilities, HOA, etc) How much more will you spend on the home if you don't try to negotiate this offer?

-Be realistic about what is selling in your neighborhood/area that is the most comparable to your home, and take into consideration

-Do Not consider comps thar are more than 6 months ago, 3 months is the preferred.  (totally different market 6 months ago)

-Even if you receive an offer close to asking price, will your home appraise?  And if it doesn't, are you prepared to sell it at appraised value?

For more tips on selling your home, go to: http://www.greenvillerealestategirl.com/

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"A year from now, you'll wish you had started today."
-Karen Lamb