Fielding a Lowball Purchase Offer on Your Home
How to Handle a Lowball Offer on Your Home Stay Strategic, Not Emotional — and Turn a Low Offer into a Better Deal Imagine this: you’ve spent weeks preparing your home, it’s finally on the market, and then the first offer comes in… but it’s tens of thousands below your asking price. Ouch. Lowball offers are more common than many Minnesota homeowners expect — especially in shifting markets or when buyers are testing seller motivation. But a low offer doesn’t have to be a dealbreaker. In fact, it’s often the starting point for a successful sale. Step 1: Don’t Take It Personally As someone who’s helped hundreds of sellers across the Twin Cities navigate offers — from fair to frustrating — I can’t stress this enough: keep your cool. Buyers may be gauging your flexibility, reacting to market headlines, or simply aiming low to see what happens. It doesn’t necessarily reflect their true willingness to pay. Step 2: Evaluate the Full Offer Before rejecting it outright, consider th...