Receiving full asking price of home sale? ( lender, real estate)

[BondJmsBond]

Was wondering if any others have experienced receiving full asking price for a home that just went on the market two days earlier?

If so, did you accept right away, or listen to see if any others offer MORE than full asking price?

This is a bit of a delicate situation where you do not want to offend the party who offered full price, yet you now feel that you are under-priced since there is so much interest in your home from the start.

How do you present this to others who may want to make an offer, after you receive an offer for the full price from one of the first people who look at your home?

For example, do you tell others "although I have already received full asking price, you can still make me an offer for more than that if you so desire"?


Thanks

[ESFP]

I've purchased many houses that needed price adjustments. Two of them, after a walk-through, I offered full price as it was the right price. However, in the current real estate market, I'd not get greedy. You are getting what you wanted and the buyer thinks he's getting a good deal. What could possibly be wrong with that?

[myrc60]

This happened to us when we moved here 5 years ago. There was a lot of interest in the house, it was not in perfect shape but we couldn't afford to know how bad it may really have been. We had many couples through the first day and we would have received many offers if we had not accepted the first. More money would have been welcome for our move here but we took what we asked because we felt it was a fair amount.

[chet everett]

Good advice from ESFP. Remember though, LOTS of deals are falling through for lack of financing or the lenders appraisal being under the agreed price.

SO -- go ahead and "accept" the offer but don't let the Realtor even put up "pending" signs and continue to market the place right up until you get your settlement check at closing...

I have had situations where a buyer makes a offer at full asking price and then tries to knock off big money after a home inspection or even at the morning of closing walk through. Argh. If you are confident that the asking price was correct just take the money to the bank and don't doubt yourself too much, "sellers remorse" can make you crazy.

[CarolL]

Our condo is on the market for the third time in three years. We have come down $100K in price. This is no slum. It's in a very good, safe neighborhood with good schools, beautiful building, vintage, original woodwork, wood floors, restored vintage bathrooms, new kitchen, 2,000 square feet, 9 rooms, architecturally significant—have I convinced you yet that it is a gem? We originally priced it less than a 2BR unit in this building had just sold for. Not one offer in two years. (Most people complained about the lack of parking, so we remedied that. Still no offers.)

We're back on the market today with different realtors. If someone gave me my current asking price, I would probably pass out with joy. Take it. This is no market to quibble. This is what you asked and you got it. As someone else said, what in the world is wrong with that?