If you're on the fence about whether to reject or accept an offer to purchase, you may be pondering over a third option: submitting a counteroffer.
Deciding to counter-offer can be a tough decision for first-time and experienced house sellers alike. However, with the right preparation and research, you can handle submitting a counteroffer with confidence.
Even though your home’s initial asking price is not set in stone, you likely have expectations about how much your home should be sold for. If a homebuyer submits an offer to purchase that falls below your expectations, assessing your residence can help you make the best-possible decision.
For instance, if your home is in great condition and has unique aspects worthwhile to buyers, when a low offer is submitted, you may want to consider countering the offer. This can give you a better idea if the potential buyer is financially flexible and helps you to get an offer closer to what you think your home is worth.
Housing market data can help home sellers make informed decisions as they sell their home.
It's beneficial to examine the prices of similar properties being sold in your area. This can help you determine if an offer meets your needs and industry standards, or if it falls too low.
A real estate agent is a house selling expert who can allocate the necessary time and resources to help you review an offer to purchase. They can provide a recommendation about whether to counter a homebuying proposal and review all available information to see if this is the best course of action.
Using the aforementioned tips, you can perform a full evaluation of an offer to purchase and proceed accordingly.
I pride myself in providing exceptional customer service to my clients by responding back to them quickly and addressing their own unique needs. I have been involved in real estate in the Phoenix area for over 25 years and I look forward to helping you sell your home or finding you a beautiful new one. Unlike other realtors, I am also a licensed Real Estate Appraiser, which gives me a unique in-depth background and a more complete understanding of the industry. My goal is to make your transaction as seamless as possible, while minimizing any surprises along the way. I would love to hear from you, please call or text me at 602-750-8711.