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

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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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                                                    Sheila & Larry Agranoff

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                                                                Cell: 631-805-4400
                                                             We Welcome Your Call
 
 
 
Lawrence "Larry" & Sheila Agranoff are more than just Real Estate Agents. To attain the designation of REALTORS®, we have proven to be more knowledgeable & experienced, above and beyond the average requirements. Being part of the network referred to as REALTORS®, you can be sure we will cater to your Real Estate needs with superior professional practices.
 
If your home is listed with another broker, this is not a solicitation of property. This does not suggest broker has property currently available. Reproduction of text/images contained herein without the express written consent of the authors is strictly prohibited. Sale May Be Subject To Term & Conditions of An Offering Plan. Disclaimer: While information is believed to be accurate it's represented subject to errors, omissions, changes or reliance on information & must be verified by prospective consumer. The authors disclaim liability for any damages/losses, direct or indirect resulting from anything contained herein or the accuracy of comments or opinions of visitors.​©2008-2023.
 
 
 
 
 
 

 

Comments (9)
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Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

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
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area 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
Roy Kelley
Retired - Gaithersburg, MD

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
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

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
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
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 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
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - 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
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
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Welcome To Our Long Island World of Real Estate We are Long Island's Premiere REALTORS® representing Nassau and Suffolk County Long Island New York, including Residential Homes, Luxury Homes, Ultra Luxury Real Estate, Condo/Townhouse, 55 and Over Communities, Gated Neighborhoods and Corporate Relocation Specialists! Interested in selling your Long Island Home or Condo? Contact Lawrence and Sheila Agranoff to get a professional estimate and get your residence SOLD. Cell: 631-805-4400

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