Should You Accept the First Offer?

Today I wanted to discuss with you about whether the first offer is the best offer. I’ve found that in many cases, the first offer is in the best offer. The reason being that with so much technology available, buyers have more information than ever before and often know of other homes on the market before some agents do. Buyers sign up for text and email alerts to be notified when homes are being listed and are sometimes prequalified. When you combine these factors, the buyer typically presents a strong first offer.

Also, when these buyers make these first offers, it is usually within the first weeks of the home being listed causing the buyers to be more aggressive in their offer.  When homes sit on the market for few months with a few price reductions, buyers are more apt to make low-ball offers. I’ve found that when buyers ask how long the home has been on the market for, they are very interested in the home and how to gage what kind of offer they can make on the home. Consider all offers, but generally the first offer is the best offer.

If you are interested in selling your home, please check out my home value report or give me a call. Thanks and have a great day!