When to Accept the First Offer on Your House - Real Estate

May 22, 2023 · 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,” …

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How To Make An Offer On A House In 7 Steps | Zillow

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Aug 11, 2016 · You submit an offer of $250,000 with an escalation clause that says you’ll pay $1,000 more than the highest offer, up to a maximum offer price of $260,000. Then, if another …

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FAQs about When to Accept the First Offer on Your House - Real Estate Coupon?

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. ...

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 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. ...

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. ...

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.” ...