How do you respond when an investor/buyer makes an offer on your home? No matter how motivated you are to sell, think things through clearly.
There are three choices you can make.
Accept the Offer
If the offer seems reasonable and you’ve weighed your decision carefully, you can accept to offer. Once you do this, you’ll enter into a contract. You have a deal!
Counter The Offer
If you’d like to sell but the offer seems a little low, consider counter offering. Choose another number, a little higher than the original offer. But don’t get greedy! Be realistic if you really want to sell. The investor will take some time to re-evaluate the deal and if he agrees with your counter offer he’ll accept. If the numbers don’t work he may walk away from the deal. If your property is still on the market in the future, the investor may make the original offer again. You’ll be better off setting a realistic counter and may make a little more money from the deal in the long run.
Reject The Deal
In some cases, the deal doesn’t feel right or the offer is too low. If you’re not in a hurry, you may choose to reject the offer without counter offering. You may decide to wait and see what other offers come along. This can be risky if no other buyers are interested, but it’s your choice.
When you make the decision to sell be sure you know the value of your property before entering into a deal. Taking your time to be sure you have all the facts is a decision you won’t regret.