When thinking of selling your home, remember the old adage, “A Bird in the hand is worth two in the bush”.
This is relevant when talking about offers on your home in a buyer’s market; a stable market and I have even experienced it in a seller’s market that often the first offer turns out to be the best one the seller will get.
Do not discount your first offer because you think a better offer will come along. Always consider your first offer seriously and treat it with respect. An early offer does not necessarily mean there will be more offers; it could just fit the needs of that particular buyer who made the offer. In addition, your home will get the most interest from buyers the first 14 days it is on the market. After that, your home will still have interest but activity often diminishes over time.
As long as the offer comes from a motivated buyer, even a very low and does not mean a mutual agreement cannot be met. It is not uncommon for a buyer to offer a price below what they are truly willing to pay. Remember, if a buyer is going to take the time to go through all the documents and sign a purchase agreement, the offer indicates a serious interest in your home. Over the years I have had initial offers significantly under list price, but with motivated parties on each side and professional real estate agents facilitating the negotiations, deals do come together! Remember, the longer your home is on the market the more it costs in mortgage payments, taxes, insurance, upkeep and inconvenience.
I’m happy to work with you to fine-tune your home’s listing price so it fits our every changing local market. In addition I will also advise you on what will make your home appeal to the broadest audience and work with you through the entire selling process. Feel free to pass along this information to your family and friends too!