Did you get an out-of-the blue-offer?

Did you get an out-of-the blue-offer?

In certain markets, getting an out-of-the-blue offer to buy your home isn’t all that strange. In certain markets, there just aren’t enough homes for sale, and it is creating some buyers to think outside the box. But what should you do when “out-of-left-field” someone knocks on your door and wants to buy your home? Or how do you handle the unexpected envelope in the mail saying they want to buy your home?

So what should you do when approached by an aggressive home buyer? Most homeowners probably have no desire to sell their home, and if that’s the case- you do nothing other than saying you’re not interested. But for some homeowners- they’ll want to hear a little more from the potential buyer, and maybe consider selling their home even though it is not for sale.

For homeowners willing to listen- you don’t just want to let strangers into your home. Your first step will be to vet any prospective buyer; you want to make sure they are capable and serious buyers. Find out how long they’ve been searching, why they desire your home, and if they’ve made other offers already. Once you understand their motivation better- you then can decide if you want to move forward by letting them see your home.

Think back to when you purchased your home- you most likely enlisted the help of a professional real estate agent, and you know how much work it takes to buy/sell a home. And while you might entertain the idea of saving money by forging the service of a professional real estate agent, enlisting the services of a professional real estate agent does not only provide the best protection but also puts more money in your pocket by making sure you sell your home for top dollar. And keep in mind, because there’s less preparation involved in off-market deals, many agents will work with you and discount their commission.

The reality is most out-of-the-blue offers won’t pan out. For a variety of reasons off-market deals don’t come to fruition. But by some chance, if the buyer is willing to pony up the money, and the homeowner gets properly enticed, you can make an out-of-the-blue offer work.