Tuesday, October 27, 2009
Negotiating The Offer
Question: If you were selling a home and a prospective buyer put a bid in almost 20% lower than asking, would you:
A) reject the offer
B) counter with a nominal counter of say $1,000 to $3,000 to stay in the game
C) negotiate as usual if/until an acceptable price is reached
Curious to see what everyone's thoughts are on this
I would answer B because I don't think you should ever turn away an offer. At least counter offer once to see how the negotiations progress.
It's a big step for a buyer to submit an offer, especially in the Hoboken and downtown Jersey City area and I never take them for granted.