After you receive an offer to purchase your home, determining the best course of action often can be difficult. Should you accept or push the homebuyer for more? Ultimately, it may be beneficial for a home seller to submit a counter-offer. So, knowing the reasons why a counter-offer may be suitable can help home sellers when on the journey to getting their property sold efficiently.
A homebuyer's initial offer to purchase fails to match your expectations
Although a homebuyer's initial offer to purchase your residence fell below your expectations, you can always submit a counter-offer to find out if a buyer is negotiable. This way, you may be able to work with a buyer to find a middle ground price, suitable for all parties.
When it comes to selling a house, there is no harm in submitting a counter-offer. Remember, the worst response a home seller may receive to a counter-proposal is a simple “No.” And even in the worst-case scenario, a seller can move forward with the property selling journey and await an offer to purchase matching their expectations.
You are flexible about the price of your house
Some circumstances may make home seller’s more flexible on the price of their home. For example, if a home seller needs to sell quickly, they may price their home competitively and be more accepting of lower offers to get their property sold swiftly.
You want to get the best-possible price for your residence
The goal of your home selling journey may be to obtain the best price for your home, regardless of the real estate market's conditions. Therefore, rather than accept or reject an offer to purchase, it may be beneficial to see if you can receive a better proposal from a buyer.
As you move along the home selling journey and review an offer to purchase, collaborate with a real estate agent. With a real estate agent at your side, you can receive plenty of guidance throughout the home selling journey.
A real estate agent can help you list your residence and promote it to prospective buyers. They can set up home showings and open house events, as well as keep you up to date about any offers to purchase your residence. Then, when you receive an offer to purchase, you and your real estate agent can work together to determine how to proceed.
About the Author
Sandy Malbrue
Hi, I'm Sandy Malbrue and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search for representation or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my 14 years real estate experience to work for you. Be it to gain wide exposure for your home with my marketing plan, negotiate offers or manage the transaction once you've accepted an offer, in a way that will get you the best price and cause the least amount of disruption to you life as possible.
If you are a buyer, allow me put those skills to work for you to help with the pre-approval process, work with you to locate and arrange for you to view homes of interest to you , and negotiate your offer. Once you have an accepted offer, I will help you arrange inspections, I will manage the transaction for you, from helping to arrange for inspections to keeping you up to date on contingency removals and walking you through the process to a new set of keys.
Let's do this!