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Real Estate Tips

Making An Offer >Evaluating the First Offer

Your dining room table is the scene of high drama. Your home has been listed for sale for six weeks, and finally, the first offer has come in. You are meeting with the agents, and are very excited until they mention the price--it is a lot less than you expected.

Before you feel offended, however, remember that the first offer is often just the beginning of a negotiating process. Your agent can help you weigh the good and bad points, evaluating the price in relationship to the terms or conditions of the sale. Sometimes an offer with a low price can look quite attractive once you understand all of the terms. If you are willing to make some compromises, the buyers may accept a counter offer that will give you more money. A lower price from highly qualified buyers may be better than one from people who may have difficulties with financing. Keep in mind that your first negotiated price is often your best price!

	See All Tips In The "Making An Offer" Category >
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Real Estate Trivia

Q	What high-profile rental property rents for $13,500 a month although the star hasn't lived there for over 20 years?
A	Shirley MacLaine's name is still used to promote her Encino, CA, estate even though she hasn't lived there in years.
See More Real Estate Trivia >

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Wendy Drucker Towne Realty Group 511 Millburn Avenue Shorts Hills, NJ 07078 Tel: 973-376-8300 Fax: 973-532-0204 Cell: 973-204-0100 Email: Wendy@WendyDrucker.com I am an expert in the towns that I serve and love what I do. My financial background from my Wall Street Bond Trading days serve me well in power negotiating. As an involved resident who has lived in town for many years, I bring you my unique insight into the local markets. www.WendyDruckerRealestate.com is brought to you by Wendy Drucker, real estate for Millburn, Short Hills, Summit and Maplewood, New Jersey Read Wendy Drucker's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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