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All agents are NOT alike! Find out why I am a top real estate expert. Call Jeana Cowie today Cell# 201-982-2200, Off# 201-599-1100 ext. 348.
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Find Out About the Latest Homes for Sale First! I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS. Find Out More > View All Offers >
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"Our friends were amazed." "Jeana has the requisite knowledge, experience, instinct, tenacity, ingenuity, professionalism & affability to get the job done" George & Monica Gundersen, River Vale, NJ Read Quote > View All Quotes >
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Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Jeana Cowie, a proven Paramus, Oradell and Ridgewood, New Jersey NUMBER1EXPERT™ Top Selling real estate agent.
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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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To what process do the terms closing, escrow, settlement and passing papers refer?
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| A |
These terms, which vary in different parts of the country, describe the conclusion of a real estate sale. |
See More Real Estate Trivia > |
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