A seller’s market in Savannah likely means that you’ll soon receive an offer for your home… but when you get that offer, how should you proceed? Read this blog post to learn how to prepare for a seller’s market home offer in Savannah…
There is almost no doubt that you will get an offer on your house in a seller’s market. How should you respond to an offer? Is it just something you accept? Are you able to negotiate? What’s the process? What should you do?
Here’s how to prepare for the home-buying offer process in a seller’s market in Savannah…
How To Prep For Home Buying Offers In Savannah During A Seller’s Market
Choose the criteria that you want in an offer.
Identify what’s most important to you. Do you want to sell quickly and get a fast possession date? Do you want a high selling price? Both are important, but one of these may be more important, so determine which is most important to you.
Choose your bottom-line price.
In a seller’s market, you may get a higher price than your bottom-line price but it’s also quite common for property owners to over-estimate the value they think they’ll get on their house. Take a moment to calculate your bottom-line price beforehand. You’ll probably get an offer that’s somewhere between your preferred price and the bottom line.
Choose a possession date you want (and know how lenient you can be).
You may want to move straight away, but you may potentially open yourself up to better offers if you aren’t pressing for a particular possession date. It gives you more options to find out what buyers are willing to offer.
You’re the seller but, you still have to negotiate a winning solution.
Even though it’s a seller’s market, the buyer is still the one with the cash and they decide where to buy. Recognize which terms and conditions are absolutely imperative for you and which ones you’re more flexible on. This way, if a buyer has the money and no contingencies and is willing to close within your preferred timeline, you can work with any conditions they may have!
In a seller’s market, it’s often the seller who has the advantage but sometimes you might want to ‘sell now’ instead of enduring the tedium of fixing the property, investing in the clean-up, putting it up for sale, and then waiting to see what buyers may offer.
We offer house-buying services at 32Homes LLC. We’ll give a fair cash offer on your GA house. Call our team at (912) 421-9907 or click here and enter your information on the form.