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How Should You Handle an Early Offer on Your Home?
Manage episode 151887559 series 1041632
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Getting an offer on your home right after listing it is a great problem to have. Should you accept it? Or is it a sign that there are better offers to come?
I've been in the business 22 years, and the old adage that says the first offer is the best is true 99% of the time! I recently had a client who listed their home and received an offer within $9,000 of their list price. They ended up countering the offer for $2,000 and ended up losing the buyer. Nine months later, they sold their home for $60,000 less. You don't want this to happen to you!
The longer your home sits on the market, the less negotiating power you have; if your home has been sitting on the market for a long time, many buyers have seen it and there isn't a sense of urgency about it. When your home has been on the market for only a few days or a few weeks, on the other hand, there is a lot more urgency because buyers aren't sure how long it will be available for.
For more real estate advice and assistance, please don't hesitate to reach out to us. We would love to hear from you!
I've been in the business 22 years, and the old adage that says the first offer is the best is true 99% of the time! I recently had a client who listed their home and received an offer within $9,000 of their list price. They ended up countering the offer for $2,000 and ended up losing the buyer. Nine months later, they sold their home for $60,000 less. You don't want this to happen to you!
The longer your home sits on the market, the less negotiating power you have; if your home has been sitting on the market for a long time, many buyers have seen it and there isn't a sense of urgency about it. When your home has been on the market for only a few days or a few weeks, on the other hand, there is a lot more urgency because buyers aren't sure how long it will be available for.
For more real estate advice and assistance, please don't hesitate to reach out to us. We would love to hear from you!
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