What should you know about considering and countering offers?
Preparing your house for sale and getting it on the market can be a long process. So, when you finally receive an offer on your house, what comes next?
There are many factors to consider when weighing an offer. As a seller, having an experienced broker who can guide you through the process of writing a counteroffer or explain the risks of certain contingencies, helps turn an emotional process into a thoughtful evaluation of which offer is best for you.
It's important to consider the contract as a whole, factoring in the financing terms, whether the buyer is willing to cover closing costs and if there are any contingencies to the offer. For example, if an offer is contingent on the buyer selling their home first, consider whether the home the buyer wants to sell is in a hot neighborhood, priced well and if the other terms of the offer are favorable.
While you want to find the right offer, keeping your home on the market for a longer period can end up costing you.
Even with the right offer, you don't have to accept every term. A good listing agent can help write a strong counteroffer, taking into account price, closing date and changes requested by the buyer.
At Harnish Properties, our team knows the Lake Oswego market and has the experience of countless transactions. We can help you through the process of selling your home from start to finish.
201 B Avenue, Suite 101
Downtown Lake Oswego