Overlooking the first offer your listing gets is a huge mistake. If you try your luck at waiting for another better offer, you could be missing out.
When it comes to selling a home, there is one common mistake I see many people make. Today, I’d like to discuss that mistake and what to do instead.
Oftentimes when you put your home on the market, the first offer you get is the best offer you’ll get. One of the biggest mistakes sellers make is to ignore this offer. They put their home on the market, get a fantastic offer in the first couple of days, and think to themselves, “Well if we got one offer that quickly, what will happen if we wait two or three days?”
A lot of times, this is a huge mistake. Don’t overlook the first offer you get on your listing.
Let me give you an example to illustrate what I mean. I was recently working with a property that was listed for $775,000. This was a really high price, given that a property down the street had just sold for $685,000.
The first offer that came in was for $780,000. When they visited the home’s open house, they saw how many other people seemed to be interested and upped their offer to $800,000.
Thankfully, the seller I was working with knew that this was an amazing offer and accepted it right away. Later on, when curiosity got the better of them, they asked me how many offers the home received after the one they accepted. The answer? Zero. There were no other offers. Had the seller waited it out, he could have lost out on an amazing offer.
But, because this seller took my team’s advice, he got an amazing deal and sold his home for one of the highest prices in the entire ZIP code. So, again, don’t discount that first offer.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.