Many people hear that the first offer they get on their home after they’ve put it on the market is the best one they’ll get throughout the sale, and they should automatically accept that offer. Is it true, though? Should you accept any offer that comes through your door? That’s not always the case. Learning how to evaluate an offer can actually be a much better option.
Understand the Buyer
The best first step you can take is to understand the buyer who just made an offer on your property. Most buyers have seen a house or two, and they’ve decided what they need. Often they will visit your property more than once before they’re serious. Find out how many times the buyer has seen your property, whether or not he or she has financing in place all ready to make a home purchase, and how many other offers he/she has made. If it’s just one, the financing is in place, and the individual has seen your house more than once, take that offer. It’s the real deal, and that sale is going to happen.
Think About the Offer
If you’re still not sure, you may want to take some time to consider the offer. Is it lower than you wanted? That’s not uncommon for buyers, but consider why it might be lower. Did the potential buyer list any problems he or she saw with the home or did a lower offer than expected just come in? Discuss the offer with your Doorsteps agent to ensure you didn’t overprice your home at the outset of the process, because if you did, that lower offer may be your best bet.
Some potential buyers will place a number of contingencies on their offer, and that may not be an offer you want to take. It could be contingent upon the sale of their current home. It might be contingent upon a home inspection or certain repairs and upgrades you make to the property. Either way, consider those contingent sales carefully.
At Doorsteps, we’ll work with you every step of the way to ensure you get the help you need to sell your homefast with multiple offers to consider. To learn more, contact us today.