Week 6: Making (or Taking) the Offer — Strategy and Timing
This is where decisions get real. Whether you're putting in an offer or reviewing one, understanding the strategy behind it can help you avoid regrets—and potentially save thousands.
For Buyers: Make Your Offer Count
- Act Fast, But Smart: In competitive markets, hesitation can cost you. But rushing without context can lead to overpaying.
- Know the Seller’s Priorities: Price matters—but so do timelines, contingencies, and certainty of closing.
- Limit Contingencies: The cleaner the offer, the more attractive it is. Just make sure you're protected.
- Include an Escalation Clause (if appropriate): This can help you stay competitive without blindly overbidding.
For Sellers: Evaluate Offers Wisely
- Look Beyond Price: A slightly lower offer with fewer conditions or better financing may be the safer bet.
- Check Pre-Approval Letters: Is the buyer actually ready to close? Financing strength matters.
- Respond Promptly: Keeping momentum is key—delays can cause buyers to move on.
- Consider Counteroffers: You may not need to accept the first offer. Negotiation is expected.
Great agents help you read between the lines and time your moves strategically. On Seeking Agents™, you can compare agents who understand how to negotiate and position offers that win.
Pro Tip: Offers are emotional and fast-moving. Be prepared in advance so you’re ready when the right opportunity hits.
Next Week: The Deal Isn’t Done — Inspections, Appraisals, and Escrow
*Savings are not guaranteed and depend on market conditions and agent negotiations.
This article is for informational purposes only and does not constitute financial advice.
Always consult with a licensed real estate professional before making any real estate decisions.