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Realty Broker says...
Being emotionally attached to a home could cost you the sale.
Be realistic when an offer comes in, Is your home in a high demand location or are you located in an area that has few - no sales.
If your home is in top notch condition and a high demand location then, possible you are well advised to hold out for a better offer.
If however, your home - property is in an undesireable or difficult to sell location and is in poor condition then, seriously consider what you have before you decline the offer. Generally your first offer is the best offer.
Greed gets you nothing. If you're holding out for that perfect price, you might wait and wait until all that's offered is 10k offers. Your ideal price should be roughly 2.5x what you could be talked into with some extra effort on the part of the buyer. Ask them to throw something in, and make it a deal. That said, if it's like a 1/10 of the price you think, either the guy is trying to con you (don't say no flatly, find out what other people would offer), or there's something wrong, like a bad area.
Before you sell, check the comps, do the Open Houses and time your sale for the summer months. Also try for a price in the middle of it all. If you price your property too high, you are just selling other people's properties.
Another piece of advice is to BE PATIENT! yes, offers may get lower but if the comparable values are substantially higher you should wait for a better offer. If you don't know what a comparable value is ..get a life ! Just check out 10-15 houses and you can tell where you are in the market. Sometimes JUNK is JUNK no matter what an agent tells you. As a periodic buyer of homes, you can tell if someone is going to move or not. I mean, some folks will list a house tracking the mortgage payment down. Insane! Just take your 10-15 k hit as a selloer and get it on the buying side.