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!