Waiting for a better offer

doorIt doesn’t matter if we are in a sellers market or a buyers market, sellers always wonder when they accept an offer if they should have held out for more or waited for a better offer.  They want to know what is behind door number 2 and sometimes there isn’t a door number 2 for a long, long time.

If your home is on the market and a buyer makes an offer, work with that buyer even if your home has only been on the market for a few days.  The first offer could be the best offer especially if it comes the first week the home is on the market.  Home sellers never really know what is around the corner or when that first offer will come.

Many get anxious during the first few days even though some types of homes take a few months to sell. I had one seller who wanted to give up after 3 days because there were showings but no offers. The offer came on the 4th day and it was a good one. Most homes do not get any offers that very first weekend on the market. The average number of days the St. Paul homes that are currently on the market have been for sale is about 58 days.

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