Will Your Offer Terms Cause The Seller To Say YES Or To Seek Other Offers?


Will Your Offer Terms Cause The Seller To Say YES Or To Seek Other Offers?
By Scott Rogers • October 31, 2024
Clearly, if you are making an offer on a house, it's because you want to buy that house... so, you probably hope that the seller will accept your offer, rather than hold onto your offer for a day or two hoping to receive other more favorable offers. Thus, choose your offer terms wisely... Let's consider a house listed for $475K and the following two offers you might make... Offer of $470K, contingent on a home inspection even though you might decide not to do one. Offer of $475K without a home inspection contingency These offers might seem very similar to you -- but they will likely seem very different to the seller. The first offer will likely cause the seller to seek other offers that might have better terms. The second offer may cause the seller to just go ahead and accept your offer. The offer you make on a home you want to purchase will elicit a reaction from the seller -- what do you want that reaction to be? Do you want them to be excited to work with you, or hoping to find another interested buyer? Receive Updates by Email Recent Articles: 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 We Will Likely See Fewer New Listings Over The Next Few Months
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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