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Is The First Offer Always The Best Offer for House

you are selling your home and just received the first offer after listing your property. Your agent told you that the offered price is a bit low than asking. Your heart drops, and you want your agent to reject it. But as any Real Estate Expert, they advise you to accept the offer.

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Is The First Offer Always The Best Offer for House

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  1. Is The First Offer Always The Best Offer For House? Naval Aulakh

  2. Scenario1: If this is the first quick offer to buy, take the time to study it!   You have put your home up for sale, and you have just received a first purchase offer at a lower price than the one you posted. In this case, several scenarios are available to you, and you must take the time to study this offer according to various parameters.

  3. Scenario2: If you are getting the price that you asked!   If you have just received an offer at the price you have set, you can, of course, take the time to study the profile of the buyer. Study the buyer who made the offer in order to make sure that they are solvent and that the process of sale will have every chance of being successful before accepting his offer. But anyway, it’s hard to turn down an offer at the set price. So, without thinking too much, it’s always an intelligent decision to accept that offer.   

  4. Scenario3: If you receive two offers, compare the buyer profiles!   It may happen that buyers are particularly interested in your home, and you find yourself confronted with two offers to purchase from two different buyers. In this case, it will be wiser to accept the offer of the person who seems the most solvent and whose file will be the strongest. Indeed, when one signs a preliminary contract with a purchaser, the suspensive clauses make it possible to break the contract and in particular, the case for which the purchaser does not obtain his mortgage. The real estate agent helps you to distinguish the best profile by taking into account different criteria:  

  5. How to know if your first offer on the house is good or not?   Not to say that seller should set the price of a home rightly after thorough research. The knowledge of the local market is really important to set a realistic expectation. An agent would be able to provide you information on market conditions and do a proper comparison.    Confidence in setting the right price will help the seller respond positively to any offer. When it is not mandatory to accept the first offer, it clearly affects the property. As already said,   The more time a property sits on the market, the staler it becomes! 

  6. Contact us • Phone No. 0401 489 262 • Email id:- naval.aulakh@cranbourne.rh.com.au • Website:- https://navalaulakh.com.au

  7. ThankYou

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