If you are selling your Grand Rapids house in a seller’s market, you will probably get an offer very soon… but then what should you do? In this blog post you will learn how to prepare for the home buying offer in a seller’s market in Grand Rapids…
In a seller’s market, the odds are very high that you will get an offer on your house. But what should you do when you get an offer? Is it best to just accept it? Or, should you negotiate? If so, how? What should you do next?
Preparation is key! When it comes to accepting offers in a seller’s market, it is best to be prepared. Here’s how to prepare for the home buying offer in a seller’s market in Grand Rapids…
How To Get Ready For The Home Buying Offer In A Seller’s Market In Grand Rapids
First, decide on the criteria you want in the offer.
What is most important to you in the sale of your house? Do you want a fast sale, so you need to schedule a quick closing date? Do you want the highest possible price? Or perhaps you want a hassle-free transaction so the buyer will take care of any repairs needed? Determine what is most important to you and write that down so you don’t forget it before offers come in.
Second, what you want for a bottom-line price?
It is common for property owners to over-estimate the bottom-line price they will receive. So, it is best to determine your bottom-line price. Which, is the money you will receive after all costs…like closing costs, real estate agent commissions and repairs. You will probably get offers between your bottom-line price and your preferred price, so it is good to know beforehand.
Third, consider the possession date you want and any flexibility you have.
If you want to move right away, for example, you could potentially open yourself up to better offers if you don’t press for a specific possession date but instead find out what buyers are willing to offer. You may be surprised at how many buyers can move up the possession date if that is important to you.
Fourth, always remember you are in a seller’s market.
It is a seller’s market and that will work to your advantage. If a buyer misses on your property, he has to go looking for another one. Decide on the terms and conditions that will work best for you and actively negotiate those into the deal. Also, remember the ones that you are flexible on. All buyers have terms that are important to them, so it is always best to find a win-win solution. A seller’s market is great, but a sold property is even better.
In a seller’s market, 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.
That is why we offer a house buying service at AKJ Sell Today. We give you a cash offer in under 24 hours on your Michigan house. Just call/text our team at (616) 303-7378 or click here and enter your information on the form, and we’ll be in touch.
If you would like to learn more on how to sell your Grand Rapids home for cash then CLICK HERE and we can start the process of getting a fair and quick cash offer today!