Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
My home was listed on MLS Wednesday and I've had 10 showings in 3 days. There are two more showings today. I received an offer yesterday (Saturday) that I think is too low. All the feedback forms so far say that house is priced just right. I will make a counter offer on Monday.
My question is: Do the best offers tend to come early? If I can't come to an agreement on price with the current offer, have I lost a window of opportunity?
Some times it is true. Some times it is false.
YMMV. Not helpful? Sorry. Crystal ball is cloudy and I cannot find my Magic 8 Ball.
More seriously, I would counter right away with an acceptable price, even if it is, "We are early on, and think we have priced it right." The original offer may be low, but this may be your buyer.
This is the buyer, out of 10 showings, that likes your house enough to write an offer.
I like Mike's advice. But something in the OP's post makes me think that all those showings aren't with actual BUYERS.
OP refers to feedback "forms". Aren't they used exclusively for Realtor showings/caravans? In the hundreds of homes I've viewed as a consumer/buyer/curiosity cat at an open house, I've NEVER received a form. (Except at a builder model home )
If I'm correct and some if those ten showings are just realtor's without their clients, I don't count them as showings.
I like Mike's advice. But something in the OP's post makes me think that all those showings aren't with actual BUYERS.
OP refers to feedback "forms". Aren't they used exclusively for Realtor showings/caravans? In the hundreds of homes I've viewed as a consumer/buyer/curiosity cat at an open house, I've NEVER received a form. (Except at a builder model home )
If I'm correct and some if those ten showings are just realtor's without their clients, I don't count them as showings.
CSS provides us with templated email forms, if we care to use them when requesting feedback.
I have (rather seldom but I have) seen agents leave forms in a house for "instant feedback."
I assume that the OP was talking about either one of those options.
And, even without using the templated forms, when we use a blank dialogue box for feedback we get something that looks a bit like a form returned.
We have not had an open house. These were all potential buyers with their agents, though I think that some may have just been using us for comparison or "just looking".
Most of the showings were booked through an online program called Showing Time. There is a quick 5 question survey that the buyers agent can fill out and send back to sellers agent. My agent forwards them to me.
This was a written offer with prequal, terms, closing date, etc.
We have not had an open house. These were all potential buyers with their agents, though I think that some may have just been using us for comparison or "just looking".
Most of the showings were booked through an online program called Showing Time. There is a quick 5 question survey that the buyers agent can fill out and send back to sellers agent. My agent forwards them to me.
This was a written offer with prequal, terms, closing date, etc.
They sound like they're earnest. Definitely counter. You're still showing the home until an offer is accepted, so it can't hurt to entertain the buyer. Good luck.
Last edited by LoveBeingAMommy; 05-24-2015 at 08:11 AM..
No harm in a strong counter, just to let them know you aren't desperate. This early in the listing, unless you are just way out in left field with your price, offers tend to come in closer to the listing price. This may be a buyer who is fishing for a deal -- well, there's no harm in asking, right? Don't take it personally. :-) Just counter. And you can always take backup offers, in case the buyer gets squirrely during due diligence.
The first offer is usually the best . . . except when it isn't. :-) It's about 60/40 true.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Not helpful? Sorry. Crystal ball is cloudy and I cannot find my Magic 8 Ball.
