If you're on the fence about whether to reject or accept an offer to purchase, you may be pondering over a third option: submitting a counteroffer.
Deciding to counter-offer can be a tough decision for first-time and experienced house sellers alike. However, with the right preparation and research, you can handle submitting a counteroffer with confidence.
Even though your home’s initial asking price is not set in stone, you likely have expectations about how much your home should be sold for. If a homebuyer submits an offer to purchase that falls below your expectations, assessing your residence can help you make the best-possible decision.
For instance, if your home is in great condition and has unique aspects worthwhile to buyers, when a low offer is submitted, you may want to consider countering the offer. This can give you a better idea if the potential buyer is financially flexible and helps you to get an offer closer to what you think your home is worth.
Housing market data can help home sellers make informed decisions as they sell their home.
It's beneficial to examine the prices of similar properties being sold in your area. This can help you determine if an offer meets your needs and industry standards, or if it falls too low.
A real estate agent is a house selling expert who can allocate the necessary time and resources to help you review an offer to purchase. They can provide a recommendation about whether to counter a homebuying proposal and review all available information to see if this is the best course of action.
Using the aforementioned tips, you can perform a full evaluation of an offer to purchase and proceed accordingly.
Ted draws energy and joy from building synergetic relationships with his Clients. Ted's nature is graciously gregarious and persevering; he's honest; and he's been dedicated to a substantial list of clientele throughout his 25 years in the hospitality business and almost two years as a REALTOR. His passion is creating a sincere, successful relationship with people.
Ted grew up in a family of Realtors in central Indiana, earned a degree in economics and philosophy from the University of Notre Dame, and jumped into all aspects of the restaurant business. His ensuing hospitality career path eventually led him into the Event Management Sales & Service role in hotels and quickly guided him to Los Angeles, San Francisco, and finally to a luxury resort in the Napa Valley, where he, his husband, and their dog have resided for almost a decade now.
The irony is not lost on Ted that his ‘growth’ journey has culminated in“living happily ever after” in an agricultural area with a small-town feel and sense of community strikingly reminiscent of his youth…and as a REALTOR nonetheless!