COUNTEROFFER CHOICES

You're ready to sell your house and you can't wait for some signs of interest from potential home buyers. Though you can't predict how you'll react to the offers you'll be getting, you should realize that you have several choices when you receive them.

You have the right to accept an offer, flat out reject it, or regect it and make a counteroffer. When you counter, you are creating a totally new, separate offer. It can concern a change in terms, price, or occupancy.

Negotiating terms can allow you a good amount of flexibility. Here, you can decide whether or not you're willing to carry part of the financing. If you do, this is the time to propose a suitable loan length and interest rate for the mortgage. Price, of course is another area of negotiation. If someone is offering to pay a price that is not acceptable, you may want to counter at a price that has been reduced from your original asking price, in order to give yourself some negotiation flexibility, buyers shouldn't be made aware of your rock-bottom price. In order to seal the deal, you should also realize you may need to be flexible on when the buyers can move in and you will move out.

As your real estate representative, I'll be assisting you throughout the process of selling your home. Call me for all your real estate needs!

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