Selling your house is stressful. You have to find a buyer, negotiate a price, find storage for your stuff, and then make sure the transaction goes smoothly. If you’re one of the lucky people who get offers on your house within days of listing with an agent, you might be happy to accept their offer without much effort.
When a buyer offers you a price, you’re probably also feeling pressured to accept the offer. This is where your agent can help you. You don’t need to accept the offer if it’s too low or if you have other offers on the table, but a good agent will tell you what the terms of their offer are and let you know how much room to give them in order to secure your property. Of course, they can’t force you to accept their offer; they can only guide you through the process and give you good advice.
If a reasonable price is not offered by any of your other potential buyers at thepropertysellingcompany.co.uk, then by all means, negotiate with them. The first thing you should do is call your agent to ask if they have any other offers on the table. A good agent will try to get you a better price on your house by asking the new buyers for more than their initial offer. A less experienced agent might not ask for more or might make an offer lower than the other offers that were on the table. When using an agent in selling your house, you should consider them as an advocate, not as a direct competitor in terms of price.
When you accept their offer, expect them to ask you for some items of personal property and documents that can be sold with your house to pay off the balance of their closing costs and give them a profit at closing. This is becoming a more common practice, and it can be difficult to get them to wait until your house closes to get their documents and personal items. This is where your agent can help you out by asking the buyer’s agent to wait until closing or negotiating with the buyer that they agree to pay off the difference at closing after you have received a check from your settlement company (and not one month later).
Unless they are offering cash, the buyer will probably be asking for some time before closing so that they can secure financing. Here again, ask your agent what their time frame is in order to close on your house. Ask them whether or not one of their other offers would expire if you take too long to have them fund an offer.