Your home sale is too important to mess up. But there is one avoidable thing sellers often do that costs them on their home sale.
Many sellers make a big mistake when it comes to their first offer. A mistake that can cost them thousands. Something we see quite often is that after listing their home, sellers receive an offer at the asking price, only to reject the offer.
Their logic is that since they had an offer so quickly, then surely they will receive a bigger one if they wait it out. What we see often is that the first offer is the best offer you will receive.
Failing to really consider the first offer can be a huge mistake. The first offer normally comes from buyers with higher motivation. They were quick to jump on the home and eagerly want it.
If you ignore the offer, there’s a chance you may be gambling with the sale of your home. We’ve seen it where the first offers that were presented, at above-asking price, were rejected and the home sat for a totally unnecessary amount of time before coming off the market.
In 2021, we’re experiencing many multiple offer situations, but the principle remains the same; don’t overlook the first offer. Our team will help you analyze every offer you receive and we will give you our professional opinion to help you make the most informed decision on how to proceed.