As the market remains slow in most areas of Greater Vancouver, some buyers and sellers are unsure of how to properly navigate the changing value of homes. Many homeowners are emotionally attached to their property and may struggle to accept offers that are below their list price. Buyers are seeking deals and may send offers that are far below what has been listed.

Denny and Monica share behind-the-scenes conversations they have with buyers and sellers when it comes to sending and receiving “lowball” offers during a slow real estate market.

This episode will cover the difference between fair market value versus a home’s list price, the importance of educating both sellers and buyers on comparable properties, the benefit of replying to every offer, how the seller’s timeline affects their desire to sell now or wait until the market picks up, and the power of a counter offer.

Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel – https://www.youtube.com/channel/UCHK2L-KswYO93195yndFAmA

Email us at garbuttdumaspodcast@gmail.com

James Garbutt Instagram: https://www.instagram.com/jamesgarbutt Facebook: https://www.facebook.com/jamesgarbutt Website: https://jamesgarbutt.com

Denny Dumas Instagram: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com

Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca

Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca