Ignite FB Tracking PixelShould You Approve a Buyer's Offer? - Bettina Debrabander

Should You Approve a Buyer's Offer?

by Bettina Debrabander 01/07/2019

Deciding whether to accept a buyer's offer to purchase your house can be exceedingly difficult. Fortunately, we're here to help you assess the pros and cons of a homebuying proposal and ensure you can make an informed decision.

Now, let's take a look at three tips to help you determine whether to accept an offer to buy your home.

1. Examine the Current Housing Market

The current housing market may play a role in your ability to stir up interest in your house. In addition, the real estate sector may impact whether you're able to receive multiple home offers at or above your residence's initial asking price.

To understand the present state of the housing market, you should look at the prices of recently sold houses in your city or town. If houses are selling quickly, you may be operating in a seller's market. Or, if houses linger on the market for many weeks or months before they sell, you may be operating in a buyer's market.

Ultimately, a seller's market may lead to many offers on your house in the foreseeable future. If you receive an offer that fails to match your expectations when you're operating in this type of market, you may want to decline or counter the proposal in the hopes of receiving superior offers down the line.

On the other hand, it usually requires hard work and persistence to sell a house in a buyer's market. And if you receive a competitive homebuying proposal in a buyer's market, you may want to accept this offer.

2. Consider Your Home's Condition

The condition of your house may prove to be a critical factor as you debate whether to accept an offer. If you assess your house's condition closely, you may be better equipped than ever before to make the best-possible decision about a homebuying proposal.

If you feel a home offer is fair based on the current condition of your house, you may want to accept the proposal. Conversely, if you feel a buyer has submitted a "lowball" proposal based on your home's condition, you should not hesitate to reject or counter this offer.

3. Consult with a Real Estate Agent

When it comes to evaluating a homebuying proposal, it generally is a good idea to collaborate with a real estate agent. This housing market professional can help you weigh the advantages and disadvantages of accepting an offer and determine the best course of action.

Typically, a real estate agent will present a buyer's offer to you and offer recommendations about how to proceed with this proposal. As you assess all of your options regarding a homebuying proposal, a real estate agent will be able to respond to any concerns or questions that you may have too.

Ready to take the guesswork out of reviewing a homebuying proposal? Use the aforementioned tips, and you can streamline the process of deciding whether to accept an offer to purchase your home.

About the Author

Author
Bettina Debrabander

Welcome!
Thank you for visiting my website.

I am native of Germany, wife and mom to two beautiful children.
Sales was always my passion when I was working in the corporate world in Germany, Belgium and Singapore.

After our own different experiences in the Real Estate arena,  I decided to become a Realtor myself and very happy so say this Out Loud, it was the “best work related decision I have made”.
I am able to combine my sales experience with my passion for Real Estate, in finding clients their dream home.
Listening, understanding and being approachable is my mantra.

My promise to all my clients is to be honest and work hard to make their real estate dream a reality.
The life-changing experience of buying a home should not be stressful, so it is very important to work with an agent who is able to navigate the sales process and protect you as a buyer.
Similarly for a seller, good marketing and pricing strategy as well as staging your home is key to sell at the best price in the shortest possible time.

Xtreme Realty Team is the biggest office in terms of sales in Davie Florida, for three consecutive years and is still growing. With over 100 agents we are able to use multiple channels to market your property.

Real Estate Services include Purchase, Sale of residences and Investment Properties, as well as Property Management, Commercial Real Estate and Relocation.
Please be assured that I will treat every transaction as if it would be my own, return your chosen method of contact in a timely matter and always follow through in a professional way.

It will truly be my pleasure help you with all your real estate needs.

Looking forward to hearing from you soon.

Yours,
Bettina Debrabander
Expert on locations in Broward, Miami or the Palm Beaches.