Just Because It's The Best Price Doesn't Mean It's The Best Offer...

Seller tips on Long Island


The highest price does not necessarily mean it's the best offer. 

  • The best offer may be an offer where the buyer has nothing to sell and can move right away.

 

  • The best offer may be a cash offer so no waiting time for a mortgage commitment. 


  • The best offer may be from someone that you know will take care of your house the way you did and keep the neighborhood values strong.

 

  • The best offer may be terms and conditions that are more favorable to you.
Ultimately this decision comes down to what price you as the seller is willing to accept, and how much risk you are willing to take. Will the house appraise for the higher price?  The price and/or conditions is only determined by what a buyer is willing to pay for your house at a particular moment in time.
 
Although the highest offer may seem great, there may be terms and conditions that are not in the best interest of the seller.
Don't just focus on the price...think about all the other little details that go along with selling a house and getting to the closing table.

Remember...Negotiation is about give and take, and price is only part of the package!

This Long Island Real Estate Seller Tip is courtesy of Larry And Sheila Realtor's 631-805-4400 helping Buyers and Sellers on The North Shore Of Long Island.

Call, and take a look at The North Shore Of Long Island...
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If your home or condo is listed with another broker, this is not a solicitation of the property.

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Do You Have Questions About Your Long Island Neighborhood?  Need More Specific Information On Your Long Island Home or Condo For Purchase Or To Sell? 

 
Call Larry And Sheila For More Comprehensive Reporting At 631-805-4400.  
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If you or anyone you know is considering to sell their existing home on The North Shore Of Long Island, or is purchasing their first home, dream home, step-up home, or retirement residence, we would appreciate the opportunity to serve them. We can also recommend a relocation professional in the destination of choice outside our Long Island area!

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17 Comments on Just Because It's The Best Price...

OCT
20
499,799 Points 8 Featured Posts Outside Blog

Larry and Sheila;

Nice post and good information. Hope you have a great weekend.
4:32am • #1
1,546,934 Points 280 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Good morning, Sheila and Larry..... suggested..... all sellers need to understand that there's more to an offer than a price.... terms and conditions are critical.... subject to the sale of another home can easily be an empty bag.
4:34am • #2
811,013 Points 20 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I second Barbara' s "suggest!"  Yep, buyers need to understand their offer price with less contingencies may trump a higher price with lots of hoops and requests!
4:44am • #3
1,171,162 Points 38 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Hey team, great post and advice that comes with it.  To many times clients focus on the number aspect rather then look deeper.  I know it happens with your profession and especially with mine as well.  good luck and success :)
4:47am • #4
962,358 Points 75 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Larry/Sheila...while price is often the driving force behind whether a deal is made or lost, you are so right, there are MANY other factors that contribute to determining which offer is truly the best one.  Suggested!
4:50am • #5
1,085,377 Points 75 Featured Posts Outside Blog Called Shot Master

Wise is the agent that gets past the price to the other important aspects of the offer...suggest is the word of the day for this blog !

 

 

 

 

 

 

 

 

 

 

 

 

 
4:52am • #6
336,173 Points 23 Featured Posts Outside Blog Called Shot Master

This happens alot to us here in a resort market.  Cash usually wins especially if they're really close.  This mortgage industry is driving everyone crazy.
4:57am • #7
920,651 Points 39 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Cash is a very strong motivator, Larry and Sheila. No appraisal to worry about which right now is a big player. Suggested.
5:17am • #8
1,470,488 Points 27 Featured Posts Outside Blog Called Shot Master

Very good advice for home sellers.  Real estate investors with cash offers are very competitive with home buyers that need financing and home inspection conditions.

Have a wonderful weekend.  Enjoy the colors of autumn with your camera in hand.
5:41am • #9
723,689 Points 59 Featured Posts Outside Blog Called Shot Master

Good Morning Larry and Sheila, GREAT POINT, so many times buyers YELL they have a full price offer bit load their offer up with contingincies. It would be nice for all buyers and their agents to read your blog.   Have a great Saturday.
6:38am • #10
982,812 Points 56 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Larry & Sheila, this is so true.   Recently received multiple offers on one of my listings, and the seller took the one that gave her more time to move out.    It was also cash, with a well-qualified buyer!
6:46am • #11
952,176 Points 13 Featured Posts Called Shot Master

Larry and Sheila,

Excellent advice and well discussed.  I am suggesting.  Wishing you both a lovely weekend. A
1:04pm • #12
1,370,453 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Great post and suggested for a feature. You have many excellent points here.
2:08pm • #13
805,586 Points Outside Blog

Good evening friends.

Many homes require a face lift that can cost $$$$$.

One should do his/her homework before making an offer.
4:41pm • #14
494,607 Points 5 Featured Posts Outside Blog Called Shot Master

Hi Larry & Sheila, you are right the best offer is cash offer without waiting for loan commitment.
7:06pm • #15
350,196 Points 8 Featured Posts Outside Blog Called Shot Master

Yep, terms are important too and sometimes, you just want to know that somebody nice is going to live in the house you loved for so many years.
8:11pm • #16
OCT
21
1,416,341 Points 28 Featured Posts Hit Router Called Shot Master

In today's market with some very questionable appraisals, an offer not contingent on financing looks very attractive.
4:34am • #17

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Larry(Lawrence)& Sheila Agranoff,Realtor Long Island Homes & Condos~631-805-4400, Long Island Condo & Home Sales (Charles Rutenberg Realty 255 Executive Dr,Plainview NY 11803) Rainmaker_large

Larry(Lawrence)& Sheila Agranoff,Realtor Long Island Homes & Condos~631-805-4400

Long Island Condo & Home Sales

Dix Hills, NY

More about me…

Charles Rutenberg Realty 255 Executive Dr,Plainview NY 11803

Address: Smithtown,St James,Dix Hills,Melville,North Hills,Manhasset,Ridge,Northport,Commack , Huntington,Bay Shore,Stony Brook,Jericho,Port Jeff,Syosset,Muttontown,Setauket, Plainview, NY, 11803

Cell Phone: (631) 805-4400

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Welcome to our world of Real Estate! We are Long Island's Premiere Realtor's representing all of Long Island New York, including Residential Homes, 55 and Over Communities, Condo/Townhouse, Luxury Long Island Properties and Corporate Relocation Specialists! Interested in selling your Long Island Home or Condo? Contact Larry and Sheila to get a professional estimate at 631-805-4400.


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