How Quickly A Home Seller Responds To An Offer Is Often Related To How Likely It Is They Will Receive Multiple Offers


How Quickly A Home Seller Responds To An Offer Is Often Related To How Likely It Is They Will Receive Multiple Offers
By Scott Rogers • July 31, 2024
Nearly all home buyers would like home sellers to respond right away to their offer... but sellers don't always respond to offers in a timely fashion. One dynamic that is often (but not always) at play is whether a seller believes they will be receiving other offers. A few examples... 1. If a house was listed for sale on Monday, followed by 12 showings on Monday and Tuesday and an offer on Tuesday evening, a seller might wait a day or two to respond to the offer, believing that they might receive additional offers given the flurry of showings after having listed their home for sale. 2. If a house was listed for sale a month ago and a favorable offer is received on day 31, a seller might respond rather quickly, even if there is another showing scheduled for the following day. 3. If a house was listed 10 days ago and there have been 15 showings, but it wasn't until that 15th buyer viewed the home that they decided to make an offer, a seller might respond rather quickly, even if there are three or four more showings scheduled in the coming days. There are certainly usually other dynamics at play as well that affect how quickly a seller responds to an offer - but the likelihood of receiving other offers usually plays a part in the speed of their decision making. 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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