How Quickly Will We Plan To Respond To An Offer On My House?


How Quickly Will We Plan To Respond To An Offer On My House?
By Scott Rogers • July 11, 2022
When we receive an offer, how quickly will we plan to respond to that offer? Well, as is often the answer... it depends... We will certainly look at the acceptance deadline on that offer to see when the buyer hopes we will respond... but we might not always respond within that timeframe. Here are a few of the guidelines that will likely inform our response timeline... [1] If the offer is an extremely strong offer with very favorable terms, we will likely respond sooner rather than later. [2] If the offer is OK or good, but not great, we will likely wait until nearly the end of that response timeframe, or possibly even later. [3] If we already have feedback from every other buyer who has viewed the home and none of them plan to make an offer, we will likely respond sooner rather than later. [4] If there were a half dozen showings today and we're still waiting to hear back as to if those buyers will be making offers, we will likely wait a bit to respond to the offer. [5] If we have no other showings scheduled or requested, we will likely respond sooner rather than later. [6] If we have a dozen more showings scheduled and requests coming in beyond that, we will likely wait a bit to respond to the offer. So... as you can see, there isn't one set answer to how quickly we respond to any given offer. It will depend on the context for that offer as informed by the factors noted above, and other factors as well. Receive Updates by Email Recent Articles: Improving Your Home Might Make More Sense Than Selling And Buying Buying A Home In Harrisonburg When You Do Not Yet Live Here Is Particularly Difficult Right Now An Absence Of Competing Listings In A Broad Price Range Does Not Mean You Can (Or Should) Round Your List Price Up To The Top Of That Range The First Buyer To Make An Offer Will Likely Not Include An Escalation Clause, At Least Not At First Home Buyers Seem To Be Drawing The Line In A More Rational Place Now When Making Offers Buy A House For Yourself, Not The Next Owner Home Sellers Will Not Voluntarily Sell Their Homes For Lower Prices Because Of Higher Interest Rates Unless Competition Forces Them To Do So Homes Are Still Selling Quickly, So You Should Know (Or Think About) Where You Are Going Next Before You List Your Home For Sale Are You Ready To Sell Your Rental Property? Should We Let Buyers View Your Home Before It Hits The Market?
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through May 31, 2023 (unless otherwise noted).
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