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Today I wanted to speak with you about why your first offer typically the best. If your home is newly listed, chances are high that you will receive an offer very quickly. It could be on the first day, the first week or the first month; statistics show us that your first offer is typically going to be your best offer or even your best buyer.
Typically when a buyer starts their search for a home, they begin online. This could be by having properties emailed to them by local agents or physically visiting open houses. Wherever the start may be, the buyer is educating themselves. 90% of buyers begin their home search online before even contacting a realtor! Today’s consumer has become incredibly tech savvy, discerning and knowledgeable because of information technology.
The average buyer will view dozens of homes before they physically go and view them in person. They are essentially narrowing their search down online or from the comfort of their own homes! This is why your first offer is more likely to come from an educated buyer.
Keep in mind that when your home comes on to the market for sale, buyers that are engaged in the buying process will typically get an automated email from their agent the moment your home hits the market; if its fits with the criteria they specifically requested, they will be notified as new properties come on to the market. They will receive that listing right away and if you’re home shows well online, this will excite them!
Because the buyer has already been involved in the home search process and pre-approved, they are probably waiting for the perfect home to hit the market! This is especially important as we have many areas with tight inventories. The last thing that you want is to list your home on the market and reject the first buyer offer that comes along in the hopes of holding out for higher offers.
If you’ve worked alongside your listing agent and agreed on the recommended list price, the initial buyer will most likely be able to offer you a price on your home that creates that all important meeting of the minds between you and the buyer. This is likely to be the buyer that has studied the market, informed themselves, viewed many homes and has been waiting for a correctly priced home like yours. Again, this is why your first buyer is likely to be your best buyer.
If you are thinking of getting your home on the market or you just want a second opinion and have questions, please give us a call. Thanks and have a great day!
Typically when a buyer starts their search for a home, they begin online. This could be by having properties emailed to them by local agents or physically visiting open houses. Wherever the start may be, the buyer is educating themselves. 90% of buyers begin their home search online before even contacting a realtor! Today’s consumer has become incredibly tech savvy, discerning and knowledgeable because of information technology.
The average buyer will view dozens of homes before they physically go and view them in person. They are essentially narrowing their search down online or from the comfort of their own homes! This is why your first offer is more likely to come from an educated buyer.
Keep in mind that when your home comes on to the market for sale, buyers that are engaged in the buying process will typically get an automated email from their agent the moment your home hits the market; if its fits with the criteria they specifically requested, they will be notified as new properties come on to the market. They will receive that listing right away and if you’re home shows well online, this will excite them!
Because the buyer has already been involved in the home search process and pre-approved, they are probably waiting for the perfect home to hit the market! This is especially important as we have many areas with tight inventories. The last thing that you want is to list your home on the market and reject the first buyer offer that comes along in the hopes of holding out for higher offers.
If you’ve worked alongside your listing agent and agreed on the recommended list price, the initial buyer will most likely be able to offer you a price on your home that creates that all important meeting of the minds between you and the buyer. This is likely to be the buyer that has studied the market, informed themselves, viewed many homes and has been waiting for a correctly priced home like yours. Again, this is why your first buyer is likely to be your best buyer.
If you are thinking of getting your home on the market or you just want a second opinion and have questions, please give us a call. Thanks and have a great day!
