Hope and prayer will not sell your Charleston home
My buyer wrote a very fair offer based on comparable sales of homes that have sold recently but it was substantially below the listing price but not what I would consider a lowball offer because the listing price was basically unrealistic. The offer was deemed unacceptable by the buyer who made a very small concession in a counter offer which my buyer politely declined.
Basically, the seller has disregarded the facts and current market conditions in the Charleston real estate market. The home has sat unsold since being listed at the beginning of the year with only a slight price reduction while in the same zip code, over 200 homes have sold year to date but an equal amount have languished on the market unsold.
You see, it doesn't really matter what you think your home is worth, the only thing that matters when selling your home is what a ready, willing and able buyer offers you and an appraisal has to support the price. So if your home is listed for sale and very few people are viewing your home or nobody is making an offer or several offers have come in that you deem unacceptable, it may be time for you to reconsider your list price.
Unfortunately, this seller responded that "at the right time, the right offer will present itself".
As if someone is going to want to buy their home after falling off a turnip truck on the way to the showing appointment or miraculously drop in from the sky and present the seller with an acceptable offer.
If you want to sell your home in Charleston, pricing it realistically based on comparable sales and flexibility in negotiation are the way to go.
Hope and prayer will not sell your Charleston home but maybe a St. Joseph's statue will help. 