What to Do When You Get an Early Offer for Your Bergen County Home

Northern New Jersey real estate agent discusses how to handle an early offer on your home.

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Today we wanted to speak with you about how to handle any early offer on your home.

Receiving an offer within days of listing your home is a great problem to have. If someone walked into your business and expressed interest in what you were selling, you certainly wouldn't want to ignore them. The same would apply to someone who makes an offer on your home.

However, a quick offer often causes a dilemma for sellers. People feel that they should hold out to see if they get any additional offers. When the market is on the rise, you can make a mistake by pushing off the first offer, or failing to respond in a reasonable fashion. In the past, we've seen sellers sit on the offer, which often leads to the buyer backing out. Then the sellers are left without any offers on the table.

Our advice is to be prudent when you receive a quick offer. The general rule in real estate is that your first offer is your best one. You may not need to take it right away, but you need to give it a lot of consideration, and try to negotiate it to where you want it.

If you have any questions on today's topic, or about real estate in general, please give us a call or send us a quick email. We'd be happy to help you!

Why Is Now the Time to List Your Northern New Jersey Home?

Bergen County real estate expert discusses why now is a great time to sell your home for top dollar.

Buying in Northern New Jersey? Get a full home search

Selling in Northern New Jersey? Free Home Price Evaluation

Hi, I’m Debby Adler with the Adler home team and today I wanted to speak to you about why now is the time to list your home.

Just about every home that is in great condition and priced well is receiving multiple offers, which is great news for sellers. It's an active market and we are here to help. 

Inventory is down in the last 6 months. As a result, we have fewer homes on the market now than we did in November, which is usually a dead time for home sales, so that says a lot about the volume of buyers in our market. If you or someone you know has considered selling, now is the time to sell quickly and get top dollar for your home.

Also take into consideration: all major interest rate analysts are predicting rates to rise significantly by 2016. The National Association of Realtors, Fannie Mae and Freddie Mac, all predict that rates will be near 5% by the second quarter of 2016! If this busy market wasn't enough to convince you now is the time to move, rising rates should! 

If you want more detailed information about where our market is heading, or when you have any questions about real estate, please feel free to give us a call or email us. 

Thanks for your time. Enjoy your day.