The Balancing Act Involved with Multiple Offers

So you’ve got multiple offers on your home after just listing it. Should you wait for more offers, or accept one that you’ve already received? A lot of my clients have been asking me this question. They obviously want to get the highest possible price, but they don’t want to lose out on potential buyers. It’s a tough balancing act.

A lot of people looking for homes right now are looking from moment to moment. You also have the buyers who wait for a good home to be listed on the market and make an offer as soon as one does. The ones who don’t come to your house right away probably aren’t as eager to buy right away.

In real estate, your first buyer is usually your best buyer. Whether you’re in California, New York, or Denver, a good rule of thumb is that your first accumulation of offers will yield the best offer. So do I advise my clients to wait for more offers? No. We try to work with what we have.

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Your first buyer is usually your best buyer.

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Try to take those initial offers you get and make the best of them. Don’t wait too long to respond, though, as you could lose out on an urgent buyer. We want you to be able to make a profit on your home, first and foremost.

If you have any questions for us or would like our help negotiating on your behalf and sifting through offers, give us a call or send us an email. We would love to hear from you.