Long Island Seller Asks: Is This The Best Offer We Are Going To Get?

By
Real Estate Agent with The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803

Many times we are asked this question from our Clients...Is This The Best Offer?


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 quickly.

 

  • 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.
  • The best offer may be the buyer who will wait until you find another place to move.

 

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 Lawrence "Larry" and Sheila Agranoff, Licensed Broker Assoiciate and Licensed Salesperson, helping Buyers and Sellers on The North Shore Of Long Island.

Cell: 631-805-4400

The Long Island Top Team @ CharlesRutenberg Realty

 

Long Island Seller Asks: Is This The Best Offer We Are Going To Get? 


 

This advertisement does not suggest that the broker has listing or transaction in this property or properties or that any property is currently available.
If your home or condo is listed with another broker, this is not a solicitation of the property.

We do not have any management information.
 Sale May Be Subject To Term & Conditions Of An Offering Plan.

DISCLAIMER: Lawrence & Sheila disclaims liability for any damages or losses, direct or indirect that may result from use or reliance on information contained in the blog or for the accuracy of comments or opinions of visitors to the blogs.

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Lawrence "Larry" and Sheila Agranoff are more than just Real Estate Agents. To attain the designation of REALTORS®, Lawrence & Sheila have proven they are more knowledgeable and experienced, above and beyond the average requirements. Being a part of the network referred to as REALTORS®, you can be sure Lawrence & Sheila Agranoff will cater to your Real Estate needs with superior professional practices.

 

 

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Disclaimer: Information herein may come from various sources, some of which may not be reliable and may change without any notice. Lawrence & Sheila Agranoff do not guarantee or is any way responsible for the accuracy of the information in this blog and information provided is without warranties of any kind, either express or implied. Information on this blog represents the opinions and ideas of the author; comments by others may not express the views of the author.©2008-2018

 

 

 

 

 

 

 

  

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Rainmaker
2,642,842
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

APPLAUSE Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 ...criteria for determining "the best" is not always ....all about the money !

Jan 12, 2017 04:48 AM #1
Rainmaker
2,535,706
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

GREAT break down that highest and not always best. I love to explain to sellers these t hings before we get offers and often i am doing it again when we get a few Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 

Jan 12, 2017 05:13 AM #2
Rainmaker
4,399,741
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is good reading for home sellers. They will be in very good hands when they select you as their listing agent.

Jan 12, 2017 05:16 AM #3
Rainmaker
3,291,495
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 ,

I'm with Sally K. & David L. Hanson ...APPLAUSE on this post!! Can you hear me clapping? These are excellent reasons why the highest is not always the best. Many considerations in an offer and you covered them! Your sellers are lucky to have you in their corner in negotiations!

Jan 12, 2017 05:16 AM #4
Rainmaker
4,050,552
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Larry and Sheila.  There are no guarantees in life or real estate.  All offers need to be evaluated on their merits.

Jan 12, 2017 05:49 AM #5
Rainmaker
2,785,714
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Good morning, Sheila and Larry -- it's our role to point out the advantages and disadvantages of the offer(s) presented so that our clients can make the best possible decision.   There are many factors beyond "price"that need to be discussed and reviewed.   

Jan 12, 2017 07:03 AM #6
Rainmaker
2,217,141
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I'm always explaining to people why maybe the person who made the highest offer didn't get the contract... there are so many other aspects to an offer that could be much more valuable to a seller. Great post.

Jan 12, 2017 07:16 AM #7
Rainmaker
1,258,833
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Sheila and Larry, excellent post. So many details to consider when reviewing offers. You're spot on - price isn't the only factor to consider. Great post.

Jan 12, 2017 05:26 PM #8
Rainmaker
812,233
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Terms. In our area if I get an interested party, I want them start releasing contigiencies. The one with no contigiency higher than asked is what most sellers are looking for,  

One offer rec'd recently is from a boring idle attorney with 16 contigiencies. One condition was his liability as a buying agent is limited to just $10,000, While we were waiting for offers I asked the seller to reject that offer promptly.  

Feb 11, 2017 07:29 AM #9
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Rainmaker
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