How Should You Respond to a Low Offer on Your Home?

A few steps you can take to negotiate a great deal with lowball offers.

Housing market activity has slowed since interest rates stagnated around 7%, but prices are still high in most markets due to low inventory. This has created a situation where a lot of homebuyers have warped expectations of what a “good” first offer on your home should look like, and you need to know how to respond. I know a low offer can be insulting, but you need to think strategically when selling your biggest asset. Today, I’ll go over how you should strategically react to a low offer to ultimately get the deal you wanted all along.

You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:

0:00 — Introduction 

0:30 — Many lowball offers are from investors

1:18 — Make note of percentage versus dollars

2:48 — Check what’s happening in the market 

3:43 — Almost always counteroffer

4:36 — Negotiate on other terms

5:21 — Take a break!

6:03 — Wrapping things up 

If you have questions about this topic or anything else, please call or email me. I am always willing to help!