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As your Chicagoland real estate agent Michael LaFido, I want to be your resource for all things real estate. Whether you are buying, selling, or investing in real estate, I am here to guide you through the process. Subscribe to this blog to learn all of the latest news from our local market and receive expert tips for buying or selling a home.

What Is a Reverse Offer?

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Today I'm going to be speaking about a more unconventional method when selling your home. A couple of years ago I was selling a lake house in Wisconsin (I'm not licensed in Wisconsin) with another real estate agent.

Basically what we did was make an offer to the buyer, which is a reverse offer strategy. I have always been told that you should not speak first in a negotiation, but I'm not sure if I always agree with that strategy.

Sometimes when you're selling a
home, it's best to make an offer to the buyer. If they have a large objection with your home, such as the price or the location, then you really have nothing to lose by making an offer to them.

This seems to work well in instances where the buyer isn't interested and appears as if he or she will not be making an offer. This can catch them off guard and sometimes it works, but even if it doesn't, you haven't lost anything.

I know it's an unconventional strategy, but sometimes it's what it takes to get a home sold.

As always, please don't hesitate to contact me if you're looking to buy or sell real estate in the Chicagoland area!


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