Should You Wait for a Better Offer?
A ‘Buyer’ in Hand Is Worth Two in the Bush
In today’s competitive seller’s market where there are more buyers than there are listings for them to purchase, some sellers may feel like they run the show.
And they would be right when it comes to choosing which offer to accept, the closing date, or even which inspection items the seller is willing to correct.
However, one thing to remember is there is always a line that shouldn’t be crossed.
Interest rates could change, buyers could lose their jobs, or the appraisal might not come back at the agreed upon purchase price. These are all opportunities to work with your buyer to make sure the sale still closes.
You may think because buyer demand is high right now, you can stand firm and make your buyer jump through hoops. But what happens if they reach their limit and decide to walk away? You’re starting over, costing you weeks and maybe even months until you actually close…and other buyers may wonder what’s wrong with the house that caused the deal to fall through.
The Real Estate Golden Rule
We were all taught from a young age to “treat others as you would like to be treated”. This applies to a buyer who seems as though they would do anything to buy your home.