While you might reject a low offer in a normal market immediately, in a buyer’s market, as a motivated seller, you will either accept or make a counteroffer.
Full-price offers, or those close asking to are much more likely to be acceptable to you. But there are other considerations involved:
- Is the offer conditional upon anything, such as the sale of the buyer’s current house? If so, a good offer, even one at full price may not be as attractive as an offer without this condition.
- Is the offer made on the house as is, or does the buyer want you to make some repairs or lower the price instead?
- Is the offer all cash, meaning the buyer has waived the financing contingency? If so, then an offer at less than the asking price may be more attractive to the seller than a full-price offer with a financing contingency.
