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Real Estate Tips
Accepting An Offer >Responding to Low Offers

The beginning of negotiations is usually the end of many months of hard work for the buyer or seller. The work ahead requires skill in order to maintain a strong position.

Sellers can lose their advantage if they do not counter an offer that a buyer has made. Even if the opening offer is beneath what the seller feels is reasonable, it is advisable for the seller to respond with a slight reduction from the asking price. The most important component in negotiating is good communication.

The best way to handle a low offer is to counter it with definite terms that are favorable to the seller. A counter offer has two advantages: 1) it keeps the buyer interested, and 2) it moves the negotiation forward and gives the buyer the opportunity to submit another offer that the seller is more likely to prefer.

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Real Estate Trivia
Q 
Over what famous building is aircraft forbidden to fly at any time?

A 
No aircraft is permitted to fly over the Taj Mahal in India.
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Thomas Laurita, REALTOR®, real estate agents and broker for Maplewood, South Orange and Montclair, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Thomas Laurita
Better Homes NJ.com

VRI Realtors
539 Valley Road
Upper Montclair, New Jersey 07043
Office: 973-783-8993
Fax: 973-783-0218
Cell: 973-477-1164
Number 1 Expert E-Mail: thomaslaurita@NUMBER1EXPERT.com
Better Homes E-Mail: tlaurita@bhnj.com
Tom's E-Mail: talauri@aol.com

Tom Laurita and Associates/Better Homes NJ.com Team GIVES YOU MORE than you expect! Tom Laurita is a Member of the National Association of Realtors, West Essex Board of Realtors, North Central Jersey Board of Realtors. He has been distinguished with several awards - Circle of Excellence - Bronze 2001 - 2002, Silver 2003 - 2004, Gold 2005 - 2006. He has also been awarded "Entrepeneur of the Year". He volunteers for many organizations such as Lambda Legal; Defense, GLAAD, Human Rights Campaign Fund, and is a mamber of the Finance Committee for Garden State Equality. Tom's reputation, experience and expertise can SAVE YOU TIME AND MONEY in BUYING OR SELLING A HOME.

ABREcoBrokereProEqual HousingERCMLSREALTORRELOSRES


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