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Dealing with Lowball Offers

Wednesday, March 16, 2022   /   by Tara Turner

Dealing with Lowball Offers

Dealing with Lowball Offers

The process of selling a home can include a certain amount of frustrations, especially when a lowball offer is presented to the seller. A lowball offer is an offer that is significantly lower than the asking price, and sometimes low enough to insult the seller. While lowball offers are unfortunately not uncommon in real estate, remember that even successful transactions can require several rounds of negotiations between buyers, sellers, and brokers. 

When responding to any offer, sellers have three options. They can accept the offer, reject the offer, or make a counter offer. Keep in mind that by making an offer, the buyer has demonstrated an interest in your property, so unless you have other offers, it is usually never a good idea to reject an offer. Also, price should not be the only consideration. Other important factors to consider are the closing date, the buyer's financing, and contingencies. 

Your realtor is an experienced negotiator working on your behalf and acting in your best interest, so seek and take their advice when it comes to drafting a counter offer.

If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070. Mitchell Stein License# 0208163

Stein Team Realty - Keller Williams College Park
Mitchell Stein Dre# 02081632
2440 W Arrow Route #5C
Upland, CA 91786
310-770-4121
DRE# 01885348

Based on information from California Regional Multiple Listing Service, Inc. as of May 22, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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