The Greater Cincy Homes team received an offer for one of our wonderful listings this afternoon. This was very exciting because the sellers are new grandparents and they are looking forward to making the next step into a ranch style house with a couple of acres.
Though we received an offer, it left a little to be desired. First of all, the agents handwriting on the contract was something a 3rd grader would laugh at. Next, the offer was ridiculously low. The buyer was a first timer who seemingly just picked a number out of thin air.
Doing a CMA (Comparative Market Analysis) before making an offer on a house would be a great idea. How do you know what to offer on a house when you have no idea what it is worth. Also, if you are working with an agent that is helping you make the offer, make sure their handwriting is legible and they print neatly on the contract so all parties can see that they were offering $698,000 instead of $648,000.
Also, making a low ball offer may upset the seller into being difficult to negotiate with. Fortunately, our well mannered seller didn't take offense.
Greater Cincy Homes wishes you happy buying and selling.
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