Margus Deery's Blog
Receiving a low offer on a home can be frustrating for a seller. But, you’re likely to see at least one or two offers on your property that are lower than you would like.
Right now, the housing market is filled with young professionals burdened with student loans, rising costs of living, and stagnating wages. So, it’s no wonder that they’re trying to save money anywhere they can.
In today’s post, we’re going to talk about what to do when you get a low offer so you can set yourself up for a sale that you’re happy with.
Don’t refuse outright
The first thing to know about low offers is that they can sometimes turn into something that both you and the buyer are happy with. Many successful home sales started at a number that the seller considered too low, but--through negotiation--was brought to a higher price and better deal overall.
Many sellers are uncomfortable with the idea of negotiation. Most people seldom negotiate prices unless they are buying a car, and even then would prefer to avoid the hassle.
For others, negotiation is a normal part of everyday life. Flatout refusing an offer, especially if you aren’t receiving many other higher offers, could be a missed opportunity.
Compare your asking price with similar homes nearby
Odds are that you and your agent have already done your research and found an asking price that is comparable in your neighborhood. But home prices fluctuate. To reassure yourself that your asking price is fair, take another look at homes up for sale that are around the same age and size of your home.
Take time to craft a counteroffer
Once you’ve had time to talk the offer over with your family and real estate agent (and maybe vented a bit), it’s time to come up with a counteroffer.
There are a few options for making a counteroffer that don’t involve significantly lowering the amount you stand to gain from the home sale. First, you could offer to relieve the buyer of some of the closing costs, such as paying for the inspection. Or, if you planned on leaving new appliances in the home, you could lower your asking price but take the appliances when you move.
Weigh your options
If the buyer still won’t raise their offer close to your asking price, it’s probably a good time to move on and rethink your sale strategy.
Take some time to consider the sale as a whole. If you aren’t receiving many other offers, it might be time to consider lowering to price or rethinking your marketing plan. You might consider repainting and taking new photos, or changing up your listing to highlight some other features of the house.
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61 Country Club Circle, North Andover, MA 01845
71 Osgood St, Andover, MA 01810
Working from home can be both distracting and unproductive. It's easy to forget about the work that you're assigned to do and reflect on the household work right in front of you. Be more productive when you are working from home by applying these habits to your daily routine.
Get dressed for work.
Working in your pajamas all day can be an appealing thought, but it can lead to unproductivity. By getting dressed and ready to work, you’re sending yourself a mental reminder that this time is set aside for your career. Prepare your outfit as if you’re going to meet with a prestigious client. You’ll quickly lose the temptation to lounge around. Get yourself out of the pajama mindset and get ready to own the day!
Create a designated workspace.
At first, working from the couch seems comfortable, but it can lead to many distractions. Most of your time on the couch is probably spent watching television. Trying also to make it a place to conduct business is nearly impossible. Remove the temptation to grab the remote by having a designating place to work. You can create a home office in a spare bedroom by adding a desk and office essentials. If you don't have the additional space, work from the dining room table. Wherever you decide to set up your office, create an area free of distraction with endless opportunity for productivity.
It may a challenge to rid yourself of the day to day distractions of your home life while working. Set boundaries for yourself by scheduling the times you're working, and the times you're "home." Enforce these boundaries with your friends and family by letting them know that you won't be free for impromptu chats during work hours. Also, enforce this boundary with yourself to ensure you aren't overworking and can clock out of work. Setting this boundary will free you of frustration for your lack of productivity during the day.
Keep your mind focused and ready by adding the necessary tools to your workday. Try working to instrumental music to fuel creativity and focus. If you don't work well to noise, purchase some high-grade noise-canceling headphones to prevent interruptions. Get organized in your workspace to save time spend looking for necessary items. Having a clean, organized space will reduce stress while working and also benefit your workload.
Working from home doesn't have to be unproductive. Apply these simple habits to your day-to-day work life and anticipate your most excellent idea to arrive soon. If you're having trouble creating a workspace, call a local interior designer who specializes in home offices to take your workspace to the next level.