Listing Details: Marlboro, Manalapan, Freehold and Howell, New Jersey Real Estate Listings & Homes For Sale Provided by Iris Lurie

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Accepting An Offer >Low Offers

In every real estate market, there are buyers who make offers that are far below the current market value of the property. How should you react if your agent brings you one of these "low ball" offers? Here are some scenarios for the seller.

If your home is priced very close to its fair market value, you can simply reject the offer and be reasonably confident that a better one will appear. However, if you have priced your home higher than other comparable homes in the neighborhood, the offer may not be unreasonable.

Ask your real estate agent for advice about the buyer's overall strategy. Do they really want your house or will they move on to another property if you make a counter offer? Can they afford to pay a higher price? Are there ways to close the gap with a small owner take-back, or with terms that will increase your bottom line? Take a hard look at your asking price and explore all your options before saying "no", especially if you are selling in a buyer's market.

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Q	Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment?
A	The former estate of John Lennon in Palm Beach has two pools plus guest quarters.
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Iris Lurie, REALTOR�, real estate agent and broker for Marlboro, Manalapan, Freehold and Howell, New Jersey home listings, property and land for sale - NUMBER1EXPERT

Iris Lurie
Century 21 Mack Morris Iris Lurie
47 Route 9 South
Morganville, NJ 07751
732-536-2228
Fax: 732-536-1508
IrisLurie@NUMBER1EXPERT.com

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