Is the Offer too Low?

One of the most stressful situations facing any home seller is finding that the offers on their property fall short of their expectations.

The good news is that many vendors achieve a sale price they are ultimately happy with – which is not the same necessarily as getting what they first hoped for. Many find that in the end the emotional value that they place on years of living in their home is simply not reflected in actual dollars when buyers are making their comparisons and looking for value for money.

To help with the decision-making process, when an offer is lower than the figure they were originally hoping for, vendors should ask their agent to provide the facts and figures from the past sales of similar properties. They need to be scrupulously impartial when making comparisons.

Trust and honest communication between vendors and their chosen agent is essential in understanding the reality of this current market.