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#REAL ESTATE MULTI COUNTER FREE#

Get your free guide When can I decline an offer?īefore rejecting an offer outright, be sure to discuss the decision with your Realtor.

#REAL ESTATE MULTI COUNTER PRO#

Shh! We're sharing home selling secrets and pro tips (for free!) in our Ultimate Guide to Selling Your Home. That way, when the right offer comes in - either after one day or one month - you will be ready to confidently accept it. It’s important to talk with your Realtor early on about your ultimate goals for selling before you list the home. Keep in mind that you could drive yourself crazy wondering if you left money on the table by accepting an early or first offer.

You don’t think you’ll get a better offer from anyone else.

You don’t want to deal with additional showings or open houses.

The buyer has an all-cash offer and will not have to finance the purchase.

The buyer has waived contingencies, making for a smoother path to the closing table.

The buyer has proposed a timeline that works well for you.

The monetary offer and terms are acceptable to you, or beyond what you were expecting.

Here are a few reasons why you may accept the first offer on your for-sale home: Should a seller ever accept the first offer?Īccepting the first offer can be advantageous for some sellers. If the offer expires without a response from the seller, the buyer is free to walk away and make offers on other properties. In Wisconsin, on the other hand, buyers are required to put a deadline on the offer. In Minnesota, there is no standard deadline to respond to an offer - and it’s pretty uncommon for a buyer to stipulate one. The answer to this actually depends on if you are making an offer on a home in Minnesota or in Wisconsin. How long do home sellers have to consider an offer? From this point you can either accept, negotiate or decline the offer. Together with your agent, you’ll review the details of the offer to determine if the terms are acceptable.

Contingencies, including home inspection or sale of the buyer’s home.

Provisions regarding title and inspections.

Amount for earnest money deposit, which is monetary collateral the buyer puts down to show they’re serious about the purchase.

Proposed terms of the deal, like purchase price and whether the deal is contingent on a mortgage approval (vs.

This will become the binding sales contract if the offer is accepted. Once an offer is made, your Realtor will present you with the information from the buyer’s agent.

If you’ve hired a REALTOR® to represent you during the home sale process, they will receive all offers on your home from agents representing the hopeful buyer(s). What should I do when I receive an offer on my house? Accepting an offer on your house (and the steps that come after).Negotiating a house offer or multiple offers.What to consider when selling your home.Here are some insights you can use to accept the champion offer on your home. It’s important to negotiate house offers to earn the best price and terms on the sale. Great! Now what? You might feel so excited that you jump at the first offer you see, but there are some smart reasons to be thoughtful before accepting an offer. Sometimes, writing an offer letter can backfire, but in many cases, that strategy just may work.You’ve received an offer on your house. If you do find yourself falling hard for a house, consider writing a personal offer letter directly to the sellers. “They may only need to bid 2% to 5% above the highest offer to get the property.” One way to make your offer stand out “Too often I see people get emotionally involved and feel like they have to have this house and there is no other,” says Bruce Ailion, a real estate agent in Alpharetta, GA. “If someone else is willing to pay more than you feel it’s worth, let it go and work on the next one.”Īnd don’t bid too high. “My advice to buyers today-especially on homes priced below market value where there are likely to be multiple offers-is to make their highest and best offer first and stick to it,” says Jim Mellen, a real estate agent with Re/Max Peninsula in Williamsburg, VA. You may get only one shot to express your interest in a home, so if you truly love it, your first offer should be the upper limit of your budget. Your best betĭon’t bank on being able to submit another offer, though. That gives you time to up your offer if you really want the property. Don’t lose hope if your first offer wasn’t the top bid-you may get a second chance to impress the seller! Most sellers will ask the buyers who made original offers for their highest and best offer by a particular time or date.