Sellers: Is the First Offer the Best Offer? - StreetEasy

Mar 29, 2016 · In a segment where properties cost $10 million to $20 million, the buyer pool is limited and your first offer may also be your only offer. When it comes to properties under $3 million, sellers often get multiple offers within the first few days on the market. In this situation, …

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Best And Final Offer: Tips For NYC Home Buyers - StreetEasy

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Mar 23, 2023 · Best and Final Offer Tips. No matter how much your heart is set on an apartment, Milligan cautions against bidding more than 10% above the asking price for your best and final …

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FAQs about Sellers: Is the First Offer the Best Offer? - StreetEasy Coupon?

Is your first offer your best offer?

“I always tell my clients from personal experience that your first offer is usually your best offer,” Napolitano says. When there’s limited inventory and high buyer demand, sellers generally have more leverage and buyers are typically willing to offer the asking price at the very least when the home hits the market. ...

Is the first offer a good idea?

Casey Napolitano, real estate agent, broker and founder of NDA Real Estate in Southern California, says the first offer is usually the best, but every situation is unique and sellers should assess the strength of the offer before making a decision. But there could also be drawbacks. ...

Should a seller accept an early offer?

“Receiving an early offer indicates strong interest in the property,” Napolitano says. “If the first offer received is at or above the asking price, it may be tempting for a seller to accept it, especially if the offer aligns with their expectations and the current market conditions.” ...

Is the best offer always the highest?

Spoiler alert: The best offer isn’t always the highest! Tons of factors affect what kind of offer buyers make—and what kind of offer you’re willing to accept. If it turns into a bidding war, you may need a tiebreaker other than price. Find expert agents to help you sell your home. So, how do sellers choose an offer? ...

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. ...

When should a seller offer a home?

When there’s limited inventory and high buyer demand, sellers generally have more leverage and buyers are typically willing to offer the asking price at the very least when the home hits the market. “Receiving an early offer indicates strong interest in the property,” Napolitano says. ...