In most areas, homes are sitting longer than most of us have experienced in a very long time. Some Sellers must wait months before they receive an offer to purchase and when that offer comes in, there is usually excitement or perhaps a sense of relief!
Nevertheless, lurking very close by is often disappointment when the Seller learns of the Buyer's purchase price.
My advice is to first, take a deep breath, and give yourself some time to consider all that the Buyer is offering in his agreement to purchase. Go beyond the price and look at the value in knowing that you can move on with your plans, that you can apply those gains towards other opportunities. And most importantly, let's not forget the stress selling a home has on your body and mind. All these items have real value and are often overlooked.
In a market where able willing buyers are slim and offers are rare, throwing away an offer can be an extremely costly mistake!
We are all together in the frustration of this market so each of us must really try a little harder to make things work. If you need to sell at this time, take the time to interview experienced Realtors that have experience selling homes in your neighborhood and that have strong connections to all those people necessary to complete a transaction successfully. This decision can bring you success and certainly more money at the close of escrow. Your Realtor, lender, home inspectors, etc. should be people you sincerely trust and have confidence in. Today, you must form a strong team to make things work given all the challenges that exist in this environment.
Good luck to you all and call me if you need tips or referrals for an excellent Realtor anywhere in the United States!
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