2) Decline the offer
3) Negotiate or Work with the offer
Things To Look At When Choosing To Work With The Offer
1. Price
2. Closing Date
3. Conditions On The Offer
#RespondToOffers
When acting as a listing agent and our client gets an offer, there are three things that we can do in reaction.
One, we can accept the offer as presented.
Two, we can decline it and say, "We're not interested. Have a nice day." And three, we can choose to negotiate or work with the offer.
Now, there are many things we look at when we are choosing to work with the offer.
Price is definitely one of the considerations.
Two, closing date. When does the offer close? If our client on the selling side requires a longer closing because they still need to buy perhaps or their purchase happens at a particular date, the closing date becomes an important negotiation piece.
The third point of negotiation is or are the conditions on the offer. So there are a variety of conditions that a buyer can place on an offer. For example, conditions of the home inspections are a very normal condition. A condition on financing in order to get your bank to approve the purchase is also a very normal condition.
Another condition that tends to come up is condition on the sale of the purchaser's property. We see variety of conditions. So in conclusion, it's important to look at all aspects of the offer when negotiating.
When you receive an offer on your home, it's important to take some time to consider the offer before responding. If you accept the offer, you're essentially entering into a contract with the buyer, so you'll want to make sure that you're comfortable with the terms. If you decline the offer, you're essentially telling the buyer that you're not interested in doing business with them. However, if you negotiate the offer, you may be able to come to an agreement that is mutually beneficial for both parties.
The first thing you'll want to do is review the price that was offered. If the price is acceptable to you, then you can move on to considering the other terms of the offer. For example, you'll want to pay attention to the closing date and any conditions that are attached to the offer. If everything looks good, then you can accept the offer. However, if there are some terms that you're not comfortable with, then you can try to negotiate with the buyer. For example, you might try to negotiate a higher price or a different closing date. Ultimately, it's up to you to decide whether or not to accept or decline an offer. However, by taking some time to review the offer carefully, you can make sure that you make the best decision for your situation.
