There are several factors that may influence your decision to accept a purchase offer such as the market conditions, the length of time the property has been listed, the terms, and how motivated you are to sell. When a home is first put on the market, it receives the most attention from the largest number of people in a short period of time. At this point, a potential buyer is more likely to make an aggressive offer hoping the seller will accept instead of waiting for a better bid. In a hot seller's market, you may receive multiple offers in which case you can review all the bids and choose the one that best meets your selling needs. Sometimes the first or the highest offer may not be the best choice. Offers that include multiple contingencies such as a longer escrow due to the sale of the buyers' current home or an inability to obtain financing may hinder the sale.
When the market is slow and there are fewer buyers than homes for sale, buyers can be choosier. A home priced at fair market value has a better chance of getting offers. You don't have to accept the first offer as is, but be open to negotiation (most the time the first offer in a buyers market can be the best offer). And if you are pressed to sell, any reasonable offers are worthwhile to consider.
No comments:
Post a Comment