In every real estate market, there are buyers who make offers that are far below the current market value. How should you react if your agent brings you one of these "low ball offers"?

If your home is priced right, you can reject the offer and be reasonably confident that a better one will follow. In a buyers market however, you may not have that luxury. Try to get the buyer’s strategy and can they afford to pay a higher price? Should you counter offer? It may be necessary to look hard at your asking price for your house. If your price is on the high side, the offer may not be that unreasonable. We recommend that you don’t just say "no" to a low offer until you have explored all of your options.