Home Seller Tips: 3 Reasons to Accept the First Offer on a House

by Dandeneau Team Real Estate 12/19/2018

After you add your house to the real estate market, it may be only a matter of days before you receive the first offer on your residence.

Ultimately, the initial offer on your home may prove to be the best proposal for a number of reasons, including:

1. The offer matches or exceeds your expectations.

An informed home seller understands the condition of his or her house, and as such, sets realistic expectations for the home selling journey.

For a home seller, it is paramount to conduct a home appraisal before you list your residence. With this appraisal, you can learn about your residence's strengths and weaknesses and price your house accordingly.

Furthermore, a home appraisal will help you understand the true value of your home. And if you receive an initial offer that matches or surpasses your expectations, you should have no trouble accepting the proposal and moving forward with a home sale.

2. The offer corresponds to the current state of the real estate market.

Operating in a buyer's market is far different from operating in a seller's market, and perhaps it is easy to understand why.

In a buyer's market, there is an abundance of high-quality houses and a shortage of property buyers. This means a buyer's market typically favors property buyers over property sellers.

On the other hand, a seller's market usually favors property sellers. This market includes many property buyers and a shortage of top-notch houses. Thus, the likelihood of receiving a terrific first offer may increase in a seller's market and decrease in a buyer's market.

As a home seller, it is essential to allocate the necessary time and resources to learn about the housing market. If you understand the differences between a buyer's market and a seller's market, you can identify a great initial offer on your house.

3. The offer is a must-accept in the eyes of your real estate agent.

When it comes to selling a house, it often is a wonderful idea to work with a real estate agent. In fact, this housing market professional may prove to be a difference-maker at each stage of the home selling journey.

A real estate agent will help you list your residence, promote it to potential homebuyers and set up home showings and open houses. That way, he or she can make it easy for you to generate substantial interest in your residence as soon as it becomes available.

Perhaps most important, a real estate agent is happy to provide honest, unbiased home selling recommendations. This housing market professional will help you differentiate between a mediocre initial offer and a stellar one and ensure you can make informed home selling decisions.

Lastly, be sure to analyze the initial offer on your home closely before you accept it. By taking a diligent approach to this home proposal, you can evaluate the pros and cons of it and make the best possible decision based on your individual needs.

About the Author
Author

Dandeneau Team Real Estate

A Commitment to Excellence! 

Respected for their in-depth knowledge of the marketplace and an instinctive ability to understand a client's needs, Steve & Enza provide local perspective in addition to current market trends when working with buyers & sellers in Central Connecticut. They love meeting new people and asking them questions in order to find mutual interest and build rapport. They enjoy the challenge of identifying, analyzing and finding solutions to help the client achieve their goals. 

Their expertise in negotiating yields the best results. Steve & Enza take a critical view of the market and understands the subtle "personality" differences of the many towns within the Greater Hartford, Tolland, & Middlesex Counties. 

As a member of all the local, state & national realtor associations,they've received many of the Top Sales award honors during their 30+ yrs of experience, including the Greater Hartford Board of Realtors Yearly Sales award, President & Chairman's Club, Monthly Top Sales Person, Multi-Million Dollar Club, International President's Circle, Honor Society; President's Circle and Chairman's Circle - Top 2% Nationally at BHHS New England Properties. In addition to their real estate connections, Steve & Enza are well known in their community thru their involvement and support over the years of the RHAM High School Music Boosters, Youth Athletic Leagues & Soccer Club, Boy & Girl Scouts, PTO, the Glastonbury Chamber of Commerce and, Enza has served as President of the Marlborough Business Association. 

Steve & Enza specialize in Creative Marketing for Sellers, Buyer Representation & Relocation for Residential, New Construction, Condominium, 55 Active Adult Communities and Land Sales.