According to the New York Post, the average homeowner who didn’t profit from selling their home lost $35,538 in the US. For this reason, choosing the right offer when selling home is necessary to avoid losses. Even so, you’ll need the correct information to make an informed decision, which is hard to come by.

But don’t fret. You’re in the right place. This article teaches you how to sell your home and get the right home offer. Buckle up for your most needed ride of valuable real estate information.

Hire An Agent Who Understands The Market

When selling your home, getting the right agent can be like looking for a needle in a haystack. You can easily get confused with a sea of agents on the internet. Still, there are ways to help you fish out the right person to work with. Firstly, check the agent’s online profile to learn their impact on the industry. Be keen on the number of sales they’ve closed successfully and where they market their listings. Also, don’t forget to pay extra attention to how professional their listing photos look.

A competent agent is valuable when choosing the right offer when selling home. It’s easy to communicate your priorities before offers start streaming in. For instance, supposing you’re selling because of a divorce or perhaps job relocation, speed will be among your priorities. In this case, your agent will help you negotiate an early offer that will align seamlessly with your timelines. Whatever the reason for selling, an agent will help sell a home quickly and align with your demands.

Put A Realistic Price Tag On The Home

Let’s agree. Buyers won’t pay more than they have to, even in a competitive market. Therefore, getting the pricing right before listing into the market is essential. Before that, it’s critical to understand how valuation works. According to Bankrate, a medium US home may have an assessed value of $300K, an appraised value of $395K, and a fair market value of $400K. Majorly, an assessed value is based on your property taxes; appraised value considers factors such as size, location, condition, or your home’s upgrades, and fair market value is the price your buyer will be willing to pay for your home.

Listing your home way below the market price is a huge mistake. While you may think doing so will attract many buyers and get traffic of offers, it has the opposite effect. Typically, a home with multiple price reductions gives the impression that there’s something wrong with it. Instead of getting more buyers, most will shy away from your listing. So, while it’s true that choosing the right offer when selling home is essential, putting a realistic price tag on it depends on whether you’ll attract or chase away potential buyers. Also, use attractive pictures when listing the home on the market.

Review Offers, Negotiate & Close

Finally, buyers have seen your home, and offers have started rolling in. At this stage, you’ll need to be market smart or seek the services of an agent who will know the proper steps when choosing the right offer when selling home. If your local market favors sellers, the buyers will offer close to the market price or, sometimes, even more! Alternatively, if the market favors buyers, you must be open to negotiation.

After receiving an offer, you may accept it as-is, reject or make a counteroffer. Typically, a counteroffer responds to an offer by negotiating terms or prices. Counteroffers must be in black and white and usually have a shorter timeframe for the buyer to respond, 48 hours or less. When lucky to get multiple offers, consider aspects such as modes of payment, down payment amount, types of financing, contingencies, and proposed closing dates to make your decision. After weighing the closing costs and tax implications, gather paperwork and close.

In Summary

Although choosing the right offer when selling home isn’t straightforward, there are ways to make it seamless. For instance, hiring an agent with market knowledge is necessary to secure a fair offer and sell your home fast. Also, you must price it the right way and consider factors such as types of financing and contingencies before closing a sale.