Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and downtown Jersey City
My name is Kevin Dowd and welcome to my real estate blog. This blog is meant to educate local buyers and sellers in Hoboken, downtown Jersey City and the surrounding areas by providing up-to-date real estate sales statistics. Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.
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.
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You have performed a great job on this article. It’s very precise and highly qualitative.
by the way, here are some more reference:
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