There is no question that selling a home is an important event. A home sale represents transition, movement and change. Households move from the known and comfortable to the unknown and a period of adjustment. There may be job changes, new schools, distance from old friends and the possibility of new ones.
No less important, a home sale by itself can be complex. There will be people looking at your house, documents to sign and issues to be negotiated.
Because a home sale involves an array of both personal and business concerns, it's important to get it done right. You need to carefully prepare your home, understand the market and see what alternatives are realistically available.
What's An Acceptable Offer?
The goal of every seller is to have a line of buyers outside the front door, each clutching higher and higher offers. While this has been known to happen, in most markets there is generally a balance between the number of buyers and sellers. A number of factors determine whether a buyer's offer is acceptable, including if the offer is near the asking price or has clauses hidden in the contract and if the seller can wait for more offers.
In each case, owners, with assistance from their REALTOR®, will need to carefully review offers, consider marketplace options and then determine whether an offer is acceptable.