Do I Accept the First Offer on My House, or Wait and …

Should you take the first offer on your house? It depends. Sometimes it works out to negotiate or wait for another offer, but an old real estate adage states that the first offer is the best offer. Even if the offer is … See more

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FAQs about Do I Accept the First Offer on My House, or Wait and … Coupon?

Should I accept a first offer on my home?

Most sellers hope to have multiple offers, but sometimes it's best to take the first offer you receive. When to Accept First Offer on Your House It may be tempting to hold out for a better price when selling your home, especially when your home is newly listed. ...

When should you accept a home offer?

Here are six scenarios where the first offer is the one you’ll want to accept. When you get an offer as soon as it hits the market. When it’s a cash offer. When it’s a contingency-free offer. When there’s limited interest. When you need to sell fast. When your agent advises you to take the offer. The Guide to Understanding Your Home Value. ...

When should you accept a first offer?

There are certain situations when considering accepting the first offer on your house makes sense. If it’s the least favorable time of the year for real estate, the sweet spot for home sales is typically the spring. As the months tick by and the weather cools, the real estate market tends to do the same. ...

Should you accept a home offer from a buyer?

Receiving an offer for your home from a buyer is a big moment in the house selling process. However, it’s important to weigh up each offer you receive before you accept. ...

How do I accept an offer on a house?

In order to accept an offer on a house: First, verbally accept the offer by calling your estate agents. Then follow up with a confirmation in writing (usually by email). You should also let your conveyancer know. Your estate agent will then draw up a memorandum of sale, and your conveyancer will begin work on the legal parts of the selling process. ...

Should I accept or reject my first house offer?

It’s important to remember that you don’t have to accept or reject the first house offer you receive. Even if you want to speed up the process and sell your house quickly, you should still take time to carefully consider your offers before deciding or altering your asking price. What is the financial position of the buyer? ...