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The Ward Team is on Your Side!
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Rita Schoenthal
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Rita Schoenthal - Buyers Specialist
A long time resident of Batavia, Rita has been a member of The Ward Team for 10 years and is now an affiliate Buyer's Specialist. With 25 years experience, Rita's number one focus is on the Buyer's needs. Whether it's your first home, second home or a corporate relocation, Rita has a wonderful knack of finding the right home for you. With her husband Paul and as a mother of three, Rita relates well to family concerns and offers a wealth of family experience.
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Accepting An Offer >Low Offers
In every real estate market, there are buyers who make offers that are far below the current market value of the property. How should you react if your agent brings you one of these "low ball" offers? Here are some scenarios for the seller.
If your home is priced very close to its fair market value, you can simply reject the offer and be reasonably confident that a better one will appear. However, if you have priced your home higher than other comparable homes in the neighborhood, the offer may not be unreasonable.
Ask your real estate agent for advice about the buyer's overall strategy. Do they really want your house or will they move on to another property if you make a counter offer? Can they afford to pay a higher price? Are there ways to close the gap with a small owner take-back, or with terms that will increase your bottom line? Take a hard look at your asking price and explore all your options before saying "no", especially if you are selling in a buyer's market.
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From 1974 to 1996, what was the world's tallest habitable building?
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The Sears Towers, headquarters for Sears, Roebuck & Co., with 110 stories and 1,454 feet high. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
