When inventory is limited and buyer demand is high, sellers generally have more leverage, and buyers are typically willing to offer at least the asking price when the home first hits the market. Receiving an early offer usually indicates strong interest in the property. If that first offer meets or exceeds the price asked, it might be wise for the seller to accept, especially if it aligns with their expectations and current market conditions. Another option is to counter the offer, which the prospective buyer can accept, reject, or counter.
THE COST OF WAITING
Deciding to wait may feel safe, but in reality, it puts you in line with thousands of other homeowners who are doing the exact same thing — waiting. The market moves fast, and opportunities don’t wait for anyone. By the time you finally decide it’s time to take the plunge, others who acted sooner may have already captured the best buyers, leaving you competing in a crowded market or even missing out entirely. If your goal is to sell, there’s no better time than now. Don’t delay your decision just because you’re hoping for the “perfect” moment — the best time to sell is the one that matches your needs. If you are waiting to profit at the highest price to by another home, be aware that other homes are also selling at top dollar. If you need to sell because you’re relocating, planning to buy another property, downsizing, or upgrading to a bigger home as your family grows, don’t limit your family’s needs by waiting. Acting now gives you the advantage, putting your property in front of motivated buyers before the competition catches up. Don’t let hesitation cost you of the opportunity to sell quickly, efficiently, and on your terms.
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