Are Early Offers Good Offers?

As a home seller, how should you handle early offers? You may be reluctant to act, but you might want to reconsider.

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If you’re selling a house, how should you handle early offers that come in?

It’s common for us to list a Piscataway house for sale and see a lot of activity in the first week on the market. We might even see multiple offers come in early, and we often see homeowners reluctant to jump on the first offer they receive.

Many times, this can be a mistake.

When a house hits the market and it’s fresh, there is a buzz about it. Statistically speaking, your home will see about 40% of its traffic in its first 30 days on the market. There is a pent-up pool of buyers out there who have exhausted their options, and as soon as your home hits the market, they’re going to check it out.

If your house fits what they’re looking for, they’re going to make an offer. That’s why we tend to see the best offers come in right away. The longer your home sits on the market, the lower the offers tend to be. We also will start to see buyers that aren’t as serious or have more contingencies. 

The longer your house sits, the lower the offers will be.
If you’re selling and you get a bid right away, I encourage you to seriously review it right away. Look at comparable properties and see if it’s a fair offer price. If it is, I encourage you to go for it, because as time drags on, offers will tend to get worse and worse.

If you have any other questions about receiving early offers on your home, give me a call or send me an email. I’d be more than happy to help you out!

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