In the Texas real estate seller’s market, it’s not uncommon for buyers to make lowball offers. And while it can be frustrating to receive an offer that’s significantly lower than your asking price, there are ways to respond to these offers that can result in a successful negotiation.

Here’s everything you need to know about responding to a lowball home offer in Texas:

Review the Offer with Patience

First, take your time to review the offer and consider all the factors involved. Check if the buyer’s been pre-approved for a loan. How much are they willing to put down? What are the contingencies? Once you’ve got these answers, you’ll be in a better position to decide if the offer is worth counter-offering or not.

Propose a Counter Offer

Don’t be afraid to counter an offer that you’re considering, but be reasonable in your expectations. If you’ve already had several showings and multiple offers, you’ll have a fairly good idea of your home’s actual value. So, make a counteroffer accordingly.

Negotiate

When the deal is near closing, be prepared to negotiate on price, repairs, contingencies, and other terms of the sale. And this is where things can get tricky. You’ll need to be firm but fair to come to an agreement that works for both parties.

Keep in mind that the current Texas market conditions are in favor of sellers. So, if you’re not happy with the offer you receive, don’t be afraid to walk away. There are plenty of buyers out there who’ll be willing to agree to your terms.

Want to Sell Your Texas Home for Top Dollar Without Worrying About Lowball Offers? 

Call us at 903-647-3742! We’re expert Realtors in Texas with all the resources and knowledge to get your home in front of the right buyers. When you work with us, you can relax and enjoy the process, secure in the knowledge that we’ll handle everything for you from start to finish because we know everything it takes to sell your Texas home for top dollar. So, reach out to us today!