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RE/MAX Premier Properties
3 Steps to Take Before You Accept a Homebuying Proposal

by Debra Engel 10/08/2018

After you receive an offer to buy your house, you likely will have only a short period of time to determine whether to accept this proposal. As such, pressure can add up quickly, which often can make it tough to make the best-possible decision.

Fortunately, we're here to help you analyze your options and determine how to proceed with a homebuying proposal.

Let's take a look at three steps that every home seller should take after receiving a homebuying offer.

1. Weigh the Pros and Cons

Make a pros and cons list to examine a homebuying proposal – you'll be glad you did. With this list, you can assess the advantages and disadvantages of accepting a homebuying offer and proceed accordingly.

If you accept an offer, you can move forward in the home selling process. On the other hand, if you don't feel that an offer matches your expectations, there may be no reason to accept this proposal.

2. Evaluate Your Home Selling Goals

Consider your home selling goals as you evaluate an offer to buy your house. By doing so, you can determine whether an offer falls in line with your goals.

For example, if your goal is to sell your house as quickly as possible, the amount of the offer may not matter. In this scenario, you may want to accept a homebuying proposal to accelerate the home selling process.

Comparatively, if your goal is to maximize your profits, you will need to determine if a current offer is the best proposal that you could receive. If the answer is "Yes," then you may want to proceed with a home sale. Or, if the answer is "No," you may want to reject or counter a buyer's proposal.

3. Consult with a Real Estate Agent

Let's face it – evaluating a homebuying proposal can be difficult, particularly for a first-time home seller. If you consult with a real estate agent, however, you can get the help you need to make an informed decision about an offer.

A real estate agent can offer lots of housing market data to help you understand the current value of your house. Plus, this housing market professional can provide recommendations about whether to accept, reject or counter a homebuying proposal.

Perhaps best of all, a real estate agent will serve as a guide throughout the home selling journey. He or she can keep you up to date about any offers on your house, perform deep analysis of all homebuying proposals and ensure you can determine the best course of action on any offer, at any time.

Let's not forget about the housing market expertise that a real estate agent possesses, either. A real estate agent understands there is no such thing as a "bad" question. Thus, a real estate agent will respond to any home selling queries that you may have.

Take the guesswork out of assessing a homebuying proposal – use the aforementioned steps, and you can determine whether to accept an offer on your house.

About the Author

Author
Debra Engel

  

Through her commitment to excellence and personal service Debra has become a highly regarded Realtor with RE/MAX. Debra is familiar with the residential resale markets throughout her area. She has the knowledge, resources, and expertise to market your home effectively, and to help you choose the right neighborhood for you and your family.

Debra believes that real estate is much more than simply buying or selling a home. To her, a key element of real estate is developing relationships and building trust with her clients. When you meet Debra you will quickly realize you have gained a true friend! She knows how to listen and always puts the needs and wants of her clients first. Debra truly enjoys working with her clients and helping them through the process of buying or selling a home.

Whether your move is up sizing or downsizing or changing cities, Debra and her staff are dedicated to listening to your needs and to serving you with honesty, integrity, and professionalism. Perhaps it is this commitment to personal service that keeps her clients coming back time after time and recommending Debra to their friends and family. 

She has completed her SRES (Senior Real Estate Specialist), CIAS (Certified Investor Agent Specialist), CDPE (Certified Distressed Property Expert) and SFR (Short Sales and Foreclosure Resource). 

Her latest accomplishment in 2018 is she joined the RE/MAX Hall of Fame of which she takes much pride in.