With the constant flow and moving parts of the real estate market, as a home seller, you may feel the urge to jump on the opportunity to finalize the sell of your home as soon as you receive an offer. However, taking time to review some key facts before accepting an offer letter can help you make a well-informed decision and boost up your earning potential.
Review your home selling goals
Before accepting an offer, review your home selling goals to make sure everything aligns. Is the amount offered within the range you were aiming for? Does the offer make your home selling journey easier, or will it require extra work, such as the proposal for extra improvements to be done to the property (for example, an updated roof)?
If a proposal fails to meet your home selling goals, you may want to counter or reject the offer. On the other hand, if an offer to purchase falls in line with your home selling goals, you may want to approve the proposal.
Consider your home selling timeline
As you start to receive offer letters for your home, it’s essential to consider the timeline in which you’d like to sell the property. If you receive an offer slightly below your initial asking price from a buyer equipped to finalize the sell as soon as possible, you may be more prompt to accept the offer if you need to move out quickly.
Consult a real estate agent
When you receive an offer to purchase your home, a real estate agent can provide expert information to help you decide if an offer is worth accepting. If the offer is below expectation, they can advocate on your behalf and help you counteroffer or help you in deciding to decline.
Even though the home selling process can be stressful, it’s important to take your time as you make decisions each step of the way and collaborate with a real estate professional who has your best interest in mind.
About the Author
Michelle Plunkett, Associate Broker
It's simple, really. Help people. Each client is unique. Every situation deserves special attention. Each home, neighborhood and community is a perfect fit for someone. Whether you are part of a grieving family settling an estate, 1st time home buyer, Upsizing, simplifying or find yourself starting a new life chapter, I am eager to understand your needs, provide you with options, guide you along and help you to make insightful, shrewd decisions. What journey do you find yourself embarking on? I would love to share the adventure with you - keeping it exciting, fun and rewarding! I am a FULL TIME Realtor - working my schedule to fit with your lifestyle and adapting to your technological abilities. Together we can make it happen! In appreciation for your business and in keeping with the spirit of thankfulness to the community that has supported me along the way, a portion of each commission is donated to charity.
