Whether you’re a buyer or seller, you’ll be involved in offers and counter offers. The buyer’s agent presents the seller’s agent an offer. Then, this is presented to the seller. Understanding real estate offers and counter offers are important to both the buyer and seller.
The offer lays out details such as the purchase price, an earnest money deposit, a closing date, and financing details. It isn’t necessarily the bottom line that the buyer is willing to pay for homes for sale in Parrish, FL, and in some cases it is. It’s possible to receive a full price offer, but with concessions and contingencies, a seller’s net may be less than expected. For this reason, ask your agent to go over the details of each offer with you.
Understanding Real Estate Offers and Counter Offers
Sellers
Ask yourself if the final net result is something you can live with. In addition, are you willing to make any repairs the buyer is requesting? Can you make any compromises, and are there any compromises you’re not willing to make? Please make these details clear to your listing agent. It will help them with future Parrish, Florida homes for sale offers if this offer isn’t acceptable to you.
Remember, there’s no need to counteroffer in each case. Sometimes, the terms are acceptable and reasonable, and you can live with them. The back and forth negotiations are just to ensure that you reach terms you can both live with.
Buyers
There’s no need to offer low ball offers that will only be rejected by the sellers. No doubt, they know what their home is worth, and they’ve seen comparables of homes similar to theirs. So, sellers reject ridiculously low offers.
Therefore, you want to weigh each offer with what you can or can’t live with. What can you afford to pay, and what aren’t you willing to negotiate? This includes the condition of the house, the criteria you’re looking for in a home, etc. Ask your agent how long it’s been on the market. Some details in Parrish, FL homes for sale are in your favor and some are in the seller’s favor.
Above all, whether you’re looking for a seller’s agent or a buyer’s agent, you need to have implicit trust in the real estate agent representing you. I’d be happy to talk with you if you’re planning on buying or selling property in the Parrish area.