Is The First Offer Always The Best Offer for House

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Is The First Offer Always The Best Offer For
House?

• Naval Aulakh

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Scenario1 If this is the first quick offer to
buy, take the time to study it!  

• You have put your home up for sale, and you have
  just received a first purchase offer at a lower
  price than the one you posted. In this case,
  several scenarios are available to you, and you
  must take the time to study this offer according
  to various parameters.

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Scenario2 If you are getting the price that you
asked!  

• If you have just received an offer at the price
  you have set, you can, of course, take the time
  to study the profile of the buyer. Study the
  buyer who made the offer in order to make sure
  that they are solvent and that the process of
  sale will have every chance of being successful
  before accepting his offer. But anyway, its hard
  to turn down an offer at the set price. So,
  without thinking too much, its always an
  intelligent decision to accept that offer.   

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Scenario3 If you receive two offers, compare the
buyer profiles!  

• It may happen that buyers are particularly
  interested in your home, and you find yourself
  confronted with two offers to purchase from two
  different buyers. In this case, it will be wiser
  to accept the offer of the person who seems the
  most solvent and whose file will be the
  strongest. Indeed, when one signs a preliminary
  contract with a purchaser, the suspensive clauses
  make it possible to break the contract and in
  particular, the case for which the purchaser does
  not obtain his mortgage. The real estate agent
  helps you to distinguish the best profile by
  taking into account different criteria  

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How to know if your first offer on the house is
good or not?  

• Not to say that seller should set the price of a
  home rightly after thorough research. The
  knowledge of the local market is really important
  to set a realistic expectation. An agent would be
  able to provide you information on market
  conditions and do a proper comparison.   
• Confidence in setting the right price will help
  the seller respond positively to any offer. When
  it is not mandatory to accept the first offer, it
  clearly affects the property. As already said,  
• The more time a property sits on the market, the
  staler it becomes!  

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Contact us

• Phone No. 0401 489 262
• Email id- naval.aulakh_at_cranbourne.rh.com.au
• Website- https//navalaulakh.com.au

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ThankYou