At our real estate services company, we understand that selling your home is a very emotional and can be a stressful process at times. When the Offer is made, though, you need some advice from your experienced Real Estate Agent on how to best move forward. We will briefly offer some real estate advice on what to do when an offer is made:
So, you selected your agent and everything is going great. You agreed with a price, then the traffic with showings are increasing and then you get a call from your realtor. We have an offer…what to do next?
Remember the possibility of other competing offers, when you formulate an offer or counter offer. The Broker and/or the Buyer may not have actual knowledge about the existence of competing offers. Therefore, the initial offer may be the only opportunity to buy. It is important to recognize there is no requirement that the Buyer be informed by the Seller or Seller’s agent of the existence of other offers before another offer is accepted.
The Seller has the right to negotiate with only one Buyer at a time and not reveal this to other Buyers. This negotiation may continue until the Seller accepts an offer.
The terms of a Buyer’s offer are confidential, but the existence of the offer may be communicated to other Buyers to obtain better terms or price. This is strictly the decision of the Seller.
The Seller may accept an offer on terms other than price.
All Buyers may be notified to present their highest and best offer.
The Buyer may choose to:
Make a better offer Leave the original offer Withdraw the offer in writing if the period for acceptance is current Do nothing
For more real estate advice or to work with an experience Realtor in Dallas County, TX, contact us at 469-269-6541