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How To Deal With a Low Ball Home Offer

Low ball home offers rarely work.Keep the low ball home offer in your corner pocket.

There is nothing wrong with getting a deal when wanting to purchase something.  In fact many business are set up where negotiating on price is part of the process.  Depending on the establishment, some may even have fun with a lowball offer by pretending to be insulted, when in reality they are not.  The establishment owner is not insulted because by making any offer the buyer shows interest in making a purchase.  So the store owner just merely haggles the buyer up to a level that is satisfying to them and the buyer.  Where it often does not work out as well is when a low ball home offer is made to a seller who may have put a lot of blood, sweat and tears into their home over time.

Homes for many sellers are places where they have invested a lot of money to maintain and upgrade, and where they have a lot of emotions involved as well since they and their family have spent plenty of time there.  So when a buyer comes along and makes a low ball home offer on their the seller feels insulted and get upset at the offer.  Negotiations either do not happen after the low ball home offer has been made or the seller refuses to budge off of their listing price for that particular person who made the low ball home offer.  The seller may even be willing to accept less than the listing price to another buyer but not to the low ball offeror due to hard feelings.  It becomes a no win situation for both the buyer and the seller.

Guidance for the Seller

All sellers should be aware that there are buyers out there will make a low ball home offer no matter what the real estate agent advises them.  The best approach is not to get...

June 2015 Cincinnati Real Estate Market & Northern Kentucky Real Estate Report

June 2015 Cincinnati Real Estate Market Report and Northern Kentucky Real Estate Market ReportCincinnati Real Estate Market & Northern Kentucky Real Estate Market Report

Want to know what happened during the June 2015 Cincinnati Real Estate Market and Northern Kentucky Real Estate Market sales period? You have come to the right place. Read on to get the latest statistics and information in the June 2015 Cincinnati-Northern Kentucky Real Estate Report.  June continued to show strength in the Great Cincinnati area.

Cincinnati, Ohio - Hamilton and Clermont Counties

In June there were 1189 homes that closed during the month for Hamilton County and 313 homes that closed for Clermont County.  Homes that went pending in June were 1042 for Hamilton and 274 for Clermont County. Pending status means they had an offer accepted and were awaiting closing pending inspections, appraisals, financing etc.

  • The average listing price for homes in the Hamilton County area was $248,247.00 with an average selling price of $206,454.00.
    • Hamilton County homes during the June time frame were on the market (Days on Market) for an average of 83 days.
    • There are currently 3,739 homes available for sale in Hamilton County.
  • The average listing price for homes in the Clermont County area was $225,723.00 with an average selling price of $207,441.00.
    • Clermont County homes during the June time frame were on the market (Days on Market) for an average of 70 days.
    • There are currently 938 homes available for sale in Clermont County.

Northern Kentucky - Boone, Campbell & Kenton Counties

In June there were 221 homes that closed during the month for Boone County,...

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