If you are selling your Floresville house in a seller’s market, you’re probably expecting to get an offer very soon… but once you get an offer, what should you do? In this blog post you’ll read how to prepare for the home buying offer in a seller’s market in Floresville…
In a seller’s market, you’re almost certain to get an offer on your house. But what should you do when you get an offer? Do you just accept it? Do you negotiate? How? What should you do?
When it comes to accepting offers in a seller’s market, it’s best to be prepared. Here’s how to prepare for the home buying offer in a seller’s market…
How To Prepare For The Home Buying Offer In A Seller’s Market In Floresville
First, decide on the criteria that you want in the offer.
Ask yourself what’s most important to you. This is the factor that determines your basic decisions. For example, do you want to sell quickly and get a fast possession date? Or maybe you want to get a high selling price. Yes, both of those might be important to you but one of them will be more important, so determine which is most important for you. So as offers come in each one will differ in those two factors possibly.
Second, think about what you want for a bottom-line price.
In a seller’s market, you may get a higher price than your bottom-line price but it’s also very common for property owners to accidentally over-estimate the price they think they’ll get on their house. Therefore, determine your bottom-line price. Chances are, you’ll get an offer somewhere between your bottom-line price and your preferred price. There is a danger to over pricing also. That danger is not only in lack of showings but in appraised value on a contract.
Third, think about the possession date you want and consider any flexibility you have.
You might want to move right away, for example, but you could potentially open yourself up to better offers if you don’t press for a specific possession date but instead find out what buyers are willing to offer.
Fourth,remember that you’re still the seller.
Even though it’s a seller’s market, remember that the buyer is still the one with the money and they could decide to buy a different house. Decide which terms and conditions are absolutely imperative for you and which ones you’re more flexible on. That way, if a buyer has all the money and no contingencies and is willing to close within your preferred timeline, you can work with any conditions they may have. Even in a sellers market, buyers do have a choice of homes normally.
In a seller’s market, it’s often thought that the seller has the advantage but there are times when you might want to sell now instead of putting your house up for sale, cleaning it up, and seeing what buyers will offer.
For more information and a free consultation, just call our team at (210) 216-7722 or enter your information on the form below, and we’ll be in touch.
As the Floresville Real Estate Agent – Faye Y Taylor is here for your questions and for help to buy a home
Faye Y Taylor, Floresville Tx Realtor®
City convenience with country living