Do Sellers usually accept first offer?

Real estate agents often suggest that sellers either accept the first offer or at least give it serious consideration. Real estate agents around the world generally go by the same mantra when discussing the first offer that a seller receives on their home: “The first offer is always your best offer.”

Does being the first offer on a house help?

Price: The closer the offer price to your listing price, the better, but don’t get too greedy. A first offer within 10% of your listing price may be worth negotiating if all other components of the offer are sound.

Should you accept the first offer on a house 2021?

Should You Accept the First Offer on Your Home? In short- Yes, if it is at an acceptable price, the buyer makes a cash offer, accepts your contingencies, and is negotiable.

How long should you take to respond to an offer on a house?

In theory, sellers can take as long as they want before responding to an offer, but most listing agents get back to buyers within a few days. For the most part, 24 to 48 hours seems to be the standard observed by most sellers and their agents, but there are some exceptions.

Do you accept the first offer from a real estate agent?

Real estate agents often suggest that sellers either accept the first offer or at least give it serious consideration. Real estate agents around the world generally go by the same mantra when discussing the first offer that a seller receives on their home:

Why is the first offer usually the one you should accept?

To understand why the first offer is usually the one you should accept, consider the buyer and the journey he or she’s on. Buyers in the real estate market usually start by dipping their feet into the water. This may be before they even engage a real estate agent. They generally go to a few open houses,…

How long do you have to wait for a realtor to respond to an offer?

But how long you have to wait is the bigger question. While there’s no official rule on how long a seller can take to get back to you, there is an industry standard that most real estate agents and sellers tend to follow.

How to respond to a counter offer for real estate?

Work with your realtor to send out a strategic counter offer if you think you can make it work. If not, you need not respond. Since they originally sent out a lowball offer, expect another counter offer to your offer. Determine a way to move forward, especially if you’re not receiving other offers.