Do I Accept the First Offer on My House, or Wait and See?

After listing your home for sale, you eagerly, nervously … anxiously await the news that someone wants to buy it. Eventually, the call comes. But your euphoria at the news that an offer has been made can quickly change to disappointment if that offer is significantly lower than your asking price. Disappointment may give way to despair, confusion, or frustration as you try to decide how to respond: do you accept the first offer on a house, even if it’s less than you want, counter and open negotiations, or stall in the hopes of another, better offer coming along? To help you evaluate your first offer, we’ll walk you through key consideration points, how to weigh the strength of the offer, encourage you to assess your objectives, and how to factor in market conditions. For more expertise, top real estate agent Kris Shook, who works with 77% more single-family homes than the average agent in Tacoma, Washington, shares insights. A Top-Rated Agent Can Help You Field Buyer Offers An experienced agent can guide you on whether or not the offers you receive on your home are worth considering. With HomeLight’s free Agent Match tool, it takes just two minutes to match clients with the best age...