Do Not Assume A Seller Will Say No To An Offer You Have Not Made


Do Not Assume A Seller Will Say No To An Offer You Have Not Made
By Scott Rogers • June 6, 2024
It often goes something like this... "That house was listed for a sale a few days ago for $435K and I could probably only afford to pay $425K. I'm sure the seller would not accept my $425K offer, so I just won't make the offer." "I know that house has been on the market for two months priced at $650K without a price adjustment, but I'm sure the seller would not be willing to sell for $625K, so I won't even make the offer." "Even though that house has been on the market for a few months, they probably still wouldn't accept a full price offer because I would need to include a home sale contingency, so I probably shouldn't make an offer." In almost all cases, I recommend that all three of the fictional buyers above go ahead and make the offers that they chose not to make because they assumed a seller would say no to their offer. Certainly, a seller might really say no to your offer, but that's OK. If you never actually make the offer, you'll never have a chance to find out if the seller will say "no" -- or whether they would say "yes" or "no, but how about..." Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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