Bids and Offers

From the Seller’s Perspective

Whether you are buying or selling a home, consider the sale of a home as a transaction beneficial to both parties. Very often buyers and sellers become emotional, feel slighted or even offended if neither party makes responsible and realistic offers. For all purposes, this is a business transaction that requires multiple parties and often outside services and financing. The “other” services require more time than most people think, but the key to moving the entire process along is an agreement, legally binding, between the buyers and sellers of homes.

Price goes a long way in determining how quickly a home will sell. An agent representing a buyer that is interested in a home must present an offer to your agent regardless of the amount offered. Take an offer seriously, and don’t get offended if it is below the price you are asking. You can always negotiate or reject an offer. If you have multiple offers you do not have to accept the higher offer. Some terms in another offer may be more important.

Sellers wish to avoid the threat of litigation following the closing. The best way to accomplish this is to complete the Seller Disclosure Notice accurately and thoroughly by providing full answers to the questions asked. A frequent claim by a buyer in post litigation closing is that the seller either failed to disclose material information or was misleading in describing some condition of the property.

As a seller, use the following guidelines:

  • Let your Realtor do the negotiating.
  • Look at all offers seriously.
  • Don’t get emotional over offers.
  • Be open-minded to all buyers of homes.

 

For further information please contact us.

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