Tips To Avoid Losing A Sale Of Your House Over Something Trivial
Unless there is a price war occurring due to a shortage of homes for sale, you cannot expect to get a full-price offer on your home. This is why real estate agents often recommend padding asking prices. A padded asking price gives you room to wiggle while negotiating with a buyer, and you should fully understand this when you list your home. You should also understand that finding buyers for homes is not always easy, and you should not risk losing the sale of your home over something that is not really that important. Here are some tips to avoid doing this.
Carefully consider what the request will cost
When you receive an offer, it may have requests attached to it. For example, it may state that you must fix something before the buyer will purchase the home, or the contract might request that you pay for some of the closing costs. When a contract states these things, it's important to really consider them, even if they seem very trivial.
As you consider the offer, you should add up what it will cost you to complete the task the person is asking for. After doing this, subtract the amount from your sale's price and base your decision on that. If you find that this would still offer you a price you could live with, you should probably accept the offer, even if it is not something you really think needs to be done.
If the cost is too high, you could counter it
If you add up the costs to complete the request and they are much more than you can afford to spend on the house, you could always counter the offer. Countering an offer is a risky deal, though, which is why you should carefully think about this decision before you do it. When you counter an offer, the buyer could always reject it, and this would leave you with no deal on the table.
Receiving a little less is still a house sale
The bottom line is that it can be hard to sell a house and get out of it exactly what you want. This is why you should put a lot of effort into considering each offer you receive for your house. It can often be better to receive a little less money when selling a house than to be stuck with the house for months or years.
It can be hard to know whether to accept an offer or counter it, which is why it's important to discuss this with your real estate agent. There are risks of countering an offer you receive, and you should try to avoid losing a sale over something that is really not a big deal. To learn more, ask a real estate agent for advice about your real estate for sale.