When Should You Accept the First Offer?

In a cold market, depending on the number of offers, rejecting the first offer may not be the wisest choice. With market prices depressed, if you haven't have had any offers in six months. It is safe to assume that this may be your only offer and you should accept it.

There are times when you should accept the first offer, and it doesn't always have to do with market conditions. You may be desperate to sell. It could be a matter of a financial crisis you've lost your job and can't make the payments, a divorce, a transfer, or any of a dozen other problems that have cropped up. The point here is that you need to get out now, and you can't afford to dicker. When your back is up against the wall, you may not be able to risk negotiating for a higher price. You may simply have to accept what's on the table.