Selling your house in Floresville? Getting your home all prepared
and finally putting it on the market can be a long process, and then offers
start coming in and add to the stress. To keep your head on straight and
strengthen your sales resolve, take a look at these 4 signs you should
potentially say no to an offer when selling your house.
The Price Is Wrong
Most sellers are already know not to jump on an offer that comes in way
below your asking price, but finding the right price is a goldilocks situation
– you want the offer price to be just right.
The goal is for both parties
to be happy — to feel they got a good deal.
Keep in mind that any offers that come your way happen before an inspection
or contingencies can be put into the mix. This means that the buyer’s already
low offer could end up netting you even less if you’re required to spend more
of your money on their contingencies. But also keep in mind that a high
offer runs the same course. Another factor with a really high offer is the strategy
may be to win the bidding war knowing there is good possibility that the house
will not appraise. If that is the case, it is back to the negotiating table and
most sellers are tired by this time waiting for closing.
That factor can work
in the favor of the buyer.
On the opposite end of the offer spectrum, if your buyer is offering way
more than the value of the property, an appraisal is very likely to alert the
buyer’s lender to the precarious lending situation in which this would leave
them. No lender wants to approve a loan that is substantially higher than the
value of the property because it could leave them in a terrible position if the
new owner defaults. This leads to the lender foreclosing on the property and
trying to recover their losses by putting the home back on the market while
almost certainly taking a financial hit on the future sale.
Unreasonable Demands
A buyer’s offer will normally consist of a monetary figure and nothing
else.
Some buyers will request window treatments or a specific piece of furniture
be a part of the sale – especially if you were already suggesting they were
available as part of the deal. However, some buyers may push the limits by
making ridiculous demands, and then be entirely unwilling to budge throughout
negotiations.
Both the buyers and sellers need to understand that negotiation consists of
reasonable give and take on both ends, and meeting in the middle will likely
give the greatest likelihood for securing financing and closing the deal
successfully.
Don’t be hard headed and, in turn, do not entertain a buyer’s inflated sense
of ego when selling your house.
Indecisiveness
Once your house is on the market, the last thing you want to deal with is
offers from potential buyers who just aren’t quite sure about what they want or
if they’re actually interested in your home.
If a buyer is asking a long series of highly-detailed questions, they may be
doing due diligence or it might be possible they won’t be satisfied with the
results of an imperfect inspection.
Another indicator to keep your eyes out for is a buyer who has done three or
more walkthroughs of your home and remains unsure if they want to move forward.
At that point it’s likely they aren’t really that interested in purchasing your
property, and it would be best to look elsewhere.
They’re Clearly Winging It
Finally, be wary of the buyers who show up to an open house ready to throw
an offer your way from the immediately.
If they claim that they just got started looking at homes – or do not have
an agent representing them – take everything they say with a grain of salt, and
be wary of any offers from them.
It’s also a good idea to make sure anyone who puts an offer in has at least
done private viewing of the property to make sure they are truly interested,
have gotten sufficient input from their agent, and aren’t just feeling around
to see if they can work you over for a quick deal. Buyers can be tempted to
make an offer without viewing the house. While that can work, it has more
potential for a buyer to notice things that aren’t seen in pictures when they
actually get to view the house. Those items can cause a buyer to decide this
isn’t the house for them. Be cautious taking an offer from a buyer who has not
seen the house themselves.
Your Partner When Selling Your House in Floresville
If you’re getting the process of selling your house in Floresville started,
or you need a little professional boost to make things move faster, contact us today at (210) 216-7722!
Country Living
with City Convenience
Floresville Real
Estate Agent – Faye Y Taylor®
is here for help
and to answer any questions you might have
Serving all of
Wilson County and the South Texas area
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