Home Seller Tips: 3 Reasons to Accept the First Offer on a Home

by Doris Arnold 03/27/2018

After you add your house to the real estate market, it may be only a matter of days before you receive the first offer on your residence.

Ultimately, the initial offer on your home may prove to be the best proposal for a number of reasons, including:

1. The offer matches or exceeds your expectations.

An informed home seller understands the condition of his or her house, and as such, sets realistic expectations for the home selling journey.

For a home seller, it is paramount to conduct a home appraisal before you list your residence. With this appraisal, you can learn about your residence's strengths and weaknesses and price your house accordingly.

Furthermore, a home appraisal will help you understand the true value of your home. And if you receive an initial offer that matches or surpasses your expectations, you should have no trouble accepting the proposal and moving forward with a home sale.

2. The offer corresponds to the current state of the real estate market.

Operating in a buyer's market is far different from operating in a seller's market, and perhaps it is easy to understand why.

In a buyer's market, there is an abundance of high-quality houses and a shortage of property buyers. This means a buyer's market typically favors property buyers over property sellers.

On the other hand, a seller's market usually favors property sellers. This market includes many property buyers and a shortage of top-notch houses. Thus, the likelihood of receiving a terrific first offer may increase in a seller's market and decrease in a buyer's market.

As a home seller, it is essential to allocate the necessary time and resources to learn about the housing market. If you understand the differences between a buyer's market and a seller's market, you can identify a great initial offer on your house.

3. The offer is a must-accept in the eyes of your real estate agent.

When it comes to selling a house, it often is a wonderful idea to work with a real estate agent. In fact, this housing market professional may prove to be a difference-maker at each stage of the home selling journey.

A real estate agent will help you list your residence, promote it to potential homebuyers and set up home showings and open houses. That way, he or she can make it easy for you to generate substantial interest in your residence as soon as it becomes available.

Perhaps most important, a real estate agent is happy to provide honest, unbiased home selling recommendations. This housing market professional will help you differentiate between a mediocre initial offer and a stellar one and ensure you can make informed home selling decisions.

Lastly, be sure to analyze the initial offer on your home closely before you accept it. By taking a diligent approach to this home proposal, you can evaluate the pros and cons of it and make the best possible decision based on your individual needs.

About the Author
Author

Doris Arnold

Real Estate is, if nothing else a people business. For me as a leading real estate professional, my work is not so much about buildings, contracts and inspections; it's about people, their dreams, aspirations and the most important place in their world- their home. I am a people person through and through. Simply put, people fascinate me... spend a few minutes with me and you can sense this unique attribute. I listen intently to you and most importantly, I have a genuine interest in what you have to say. Follow me around for a day and you will witness the powerful and positive effect I have on the people around me, whether it's my family, close friends, or a community acquaintance. Undoubtedly, you will see a caring and committed woman who makes a difference in people's lives. If you ask my past clients what they liked about working with me, some would say it was my business savvy and real estate expertise that impressed them, but most of them would comment on how much I cared about them. I really listen to what my clients want and do what I can to anticipate their needs. I always try to stay one step ahead and keep in constant contact. My clients know I am always working for them to keep them informed and up-to-date, and I have a highly organized way of walking my clients throughout the process of buying or selling their home that makes them feel confident nothing will slip through the cracks. I absolutely love what I do and I can tell you "I'm in The Business of People." What that means to me is that I have the privilege of helping my clients achieve their dreams. What that means to you is that you can count on me to care about what matters most to you because I make your real estate needs my top priority.