When it comes to the vendor’s decision to consider a low offer on their home, it may help to consider a few other factors of the sales process. If they’re selling and buying a new home at the same time, it may benefit them to entertain a low offer, so that they can move according to their own schedule. If the low offer comes with little to no special conditions attached, it may also be worth considering. Finally, if a low offer is accompanied by loan preapproval, the vendor may also be looking at a smoother closing process. Don’t simply consider the low offer alone, but look at what other factors, such as a flexible settlement, which may contribute to the sale before they turn any offer away.
Though a low offer on a vendor’s home may not be an ideal offer, they should know that it may not be as bad—or as low—as it seems. Before a seller simply ignores an offer that doesn’t seem as sweet as they’d like and close the door on a potential home sale, consider these few factors first.