When you make an offer on a home, it’s important to realize that it’s business. Homeowners, especially in a market like this, will be sifting through multiple offers, and the one that gives them the most money is usually going to win. However, they may like your offer the best, but feel that it’s not quite good enough. Then they will counter it.
When your offer is countered, it’s a second chance.
The buyer isn’t quite happy with your offer, but you get a second chance to get it right. Now you can work towards an offer that makes sense for everyone. One trap that people fall into in the counter is just accepting it blindly. Just because they make a counter-offer doesn’t mean that’s their final number. Keep in mind that they will probably build some wiggle room in there for you to counter again.
They want to sell this home, just like you want it, so make a deal that works for everyone!
Just don’t forget what you want. If you have conditions, make sure that they stay in there. It can be very easy to overlook them and find yourself with unrepaired fixtures or a broken home. Go through that counter with a fine-toothed comb.
Once you have gone through it, it’s decision time! If you are good with the counter, including your contingencies, the price, and all, accept it! If not, get with your realtor and craft a new offer, taking their demands into account, and hopefully you can come to a middle ground.
If you’re ready to take rising home rates and low-interest rates and use them to your advantage, call us in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515 or Nashville at (615) 810-8555. You can always apply online at www.thehomeloanexpert.com, and we’re also open on Saturdays to better serve you. We work hard to make it easy on you. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?