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I Want to Sell But There is No Need to Rush

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Real Estate Agent with Elizabeth Anne Weintraub, Broker DRE #00697006

accept purchase offerI can't count the number of Sacramento home sellers I'm working with lately who don't want to accept an offer. Even a full price offer. They want to wait to see how many other offers they will get. But the problem is they don't tell me this until an offer arrives. But that's probably because they didn't think about it beforehand or because they've talked with other people who have told them not to take the first offer they get.

That can be bad advice, although I'm sure it's well meaning.

For starters, there are legal problems that can happen when a seller doesn't take an offer. Also, often the first offer is the best. There are ways to work around a reluctance to immediately accept a purchase offer but the time to talk with your agent about it is before you put the home on the market.

Read more in my personal blog today When to Accept a Sacramento Purchase Offer.

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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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David Grbich
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Hi Elizabeth - I am seeing where sellers wait to collect all their offers and also cases where sellers accept a great offer right out of the gate. Hard to predict what a seller may do but certainly good to have that conversation up front. Regards Dave

Mar 20, 2013 12:36 AM
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

There is the element of time on the contract. If the seller's don't want to accept the offer, they should at least counter. We are back in a very competitive seller's market, but buyer's still have options.

Mar 20, 2013 12:39 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

It like going to the local carnival and sight seeing....I don't care for the entertainment tactics...Sell or don't sell. Buy or don't buy...Don't play here

Mar 20, 2013 12:42 AM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Expectations discussed around the kitchen table at listing time. With coffee and can I have one more of those fresh, hot out of the oven blueberries turnovers please? Multiple offers, think of the seller who you work for and round them up. Making sure all buyer initial, read, understand the process so no feathers ruffled when highest and best is Eenie-Meenie-Minie-Mo selected.

Mar 20, 2013 12:50 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Hey Christina: To have a blessed day, I'd probably have to call upon somebody to bless it, and that's not gonna happen.

Hi David: I tell a seller if they like the offer, take it, but they can also wait a day or two if they want.

Hi Sarah: Exactly, it's awful for a buyer to wait and wait and hear nothing from the seller's side. It's also a bit rude.

Hi Richie: I wish we could stop the game playing but that's gonna happen when the moon blows up.

Hi Andrew: I find that I can have "that talk" with the seller but they are only hearing two out of every three words. It's a lot of information to absorb when a home is first listed. And what they might have thought they wanted to do when the time comes to act and what they actually might do can be two very different things.

Mar 20, 2013 09:28 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

First offers generally are pretty good in my experience.  And waiting to collect more can send the serious buyers packing.  

Mar 20, 2013 11:52 AM
James Dray
Fathom Realty - Bentonville, AR

Great words of wisdom Elizabeth.  I do often wonder what gets into the minds of some of our clients. 

Mar 20, 2013 07:54 PM
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Broker-Associate at RE/MAX Gold, Midtown and Sierra Oaks Sacramento office. Co-partner Weintraub & Wallace Realtors. Selling since 1974. Homebuying expert at The Balance. Weintraub & Wallace sells homes from Galt to Lincoln.
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Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying expert for The Balance, a Land Park resident, who specializes not only in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento but sells extensively from Elk Grove to Lincoln. Weintraub is prominently known as the #1 Sacramento Short Sale agent throughout the Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 40+ years of real estate experience to work for you.

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