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Market data for real estate can be a blessing when it comes to helping your listing clients respond to off-the-wall, low-ball offers. In one instance, you have sellers enjoying multiple offers on a property and achieving a nice percentage increase above their asking price. As we know, in some situations, sellers will cave in.
In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. Banks are also more likely to present a counteroffer because they must demonstrate they tried to get the best possible price for the property.
Understanding the FSBO Landscape in Texas The FSBO market in Texas presents both opportunities and challenges for homeowners looking to sell independently. However, with proper preparation, the right tools , and an understanding of the market, FSBO sellers can potentially overcome these hurdles.
Has the seller recently corrected negative feedback? Has the seller recently rejected offers? What else can the listing agent tell you about the seller’s situation, preferred deal terms like closing and possession dates, etc., which can help you put together an acceptable offer? If so, what was the reason?
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