Why Your First Offer May Be the Best Offer

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Posted on July 26, 2017 by Laura Lucky

It’s not unheard of for sellers to be nervous about accepting the first offer they may receive on their property, particularly if the offer came in soon after the home hit the market. It’s understandable for sellers to second-guess themselves and wonder if they listed the home too low, or if they should hold out for a better offer.

Sometimes it’s simply a matter of everything going right. As your listing agents, we’ve done a significant amount of work before your home even gets placed on the Multiple Listing Service. From assisting with preparing the home for sale, pre-marketing it to our exclusive agent and buyer network, using only the finest in property photography, and marketing your home immediately among our many advertising mediums, you’ll benefit from our knowledge and expertise well before your home is officially for sale.

It’s easy to overlook too, the efficiency of today’s real estate industry. Technology allows for buyers and buyers’ agents to have instant access to your home’s For Sale status. Many buyers have alerts set up to instantly notify them when a home that fits their profile is available. Exposure of properties to potential buyers happens pretty quickly today. It’s for this reason that sellers shouldn’t assume that there will be more, higher offers as the listing period progresses. The first several days of the home’s listing period are generally when most of the buyer exposure will occur.

If the first offer that comes in is within the acceptable range that we had discussed prior to listing, we recommend that you don’t pass on it. Remember too, that the purchase price is just one part of the negotiation process that occurs all through the escrow period. If the buyer doesn’t feel “tapped out” from the onset of the process, it may make it easier to work together when issues may arise during the inspection period.

If you’re considering selling your home, let’s discuss this in more detail. We’ll consult with you about your property, what we feel would be an appropriate listing price and what our strategy will be in marketing and selling your property at a sales price that is satisfactory to you. Contact us today!

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