When selling your Kansas City offer, you’re probably excited and looking forward to getting an offer to buy the home. But what do you do once you’ve received the offer. This blog post will help you be prepared for receiving a buyers offer in a seller’s market in Kansas City…
In a seller’s market, you very likely to receive an offer to buy your home, but once you do what next? Do you accept? Right away? Do you negotiate, and if so how?
When it comes to accepting offers in a seller’s market, it’s best to be prepared. Here’s how to prepare for the home buying offer in a seller’s market in Kansas City…
How To Prepare For The Home Buying Offer In A Seller’s Market In Kansas City
1. Decide What’s Most Important to You in a Great Offer
Ask yourself what is the most important thing in a good offer. Are you trying to sell the home very quickly? Or is getting the absolute highest price your priority? Both things are important, but likely one of those is more important than the other.
2. Think About the Minimum Price You’ll be Happy Accepting
In a seller’s market, you may get an offer over asking price. The mistake many homeowners make is thinking that they can price the home way overvalue because of the hot market. Then they have trouble selling the home, or feel dissatisfied with offers below their high asking price. Likely, you’re going to get an offer between your asking price and your minimum price in this case.
3. When Can the New Owner Take Possession and are You Flexible in Other Ways
You may want to move immediately, but if you’re willing to be flexible and work with the buyer you may find that you can get a higher asking price. This flexibility can be moving at a different date, fixing a few things up, etc.
4. Remember that You’re Still the Seller
Even though it is a seller’s market, the buyer is the person with the money that is going to buy the house. Keep in mind what is important to you in a great offer. If the buyer can come in at your terms and on a price that works for both of you without any contingencies, then you can work around any additional considerations that you may have.
In a seller’s market, it’s often thought that the seller has the advantage but there are times when you might want to sell now instead of putting your house up for sale, cleaning it up, and seeing what buyers will offer.