Keller Williams Realty,Brevard

Factors to Consider Before You Accept an Offer to Purchase

by Maria "Action" Jackson 02/18/2019

If you receive an offer to purchase your home, you may have only a limited amount of time to decide whether to accept this proposal. As such, there are several factors you'll want to consider to determine whether to approve an offer to purchase your home. These factors include:

1. The Price of Your Home

If you established a competitive initial asking price for your home, you should have no trouble determining whether an offer to purchase falls in line with your expectations. Thus, if an offer to purchase your home is at or above your residence's initial asking price, you may want to accept a buyer's proposal and move forward with a house sale.

Of course, if an offer to purchase your house falls below your residence's initial asking price, you should still evaluate the proposal closely. If you feel the offer to purchase is the best proposal you might receive, you may want to accept it.

2. The Current State of the Local Housing Market

Examine the current state of the local housing market – you'll be glad you did. If you discover you are operating in a buyer's or seller's market, you can assess an offer to purchase your home accordingly.

If you find a buyer's market is in place, you may be more inclined than ever before to accept a competitive offer to purchase your home. Because in this market, the number of sellers exceeds the number of buyers, and rejecting a homebuying proposal does not guarantee you will receive better offers to purchase in the near future.

Comparatively, if a seller's market is in place, you may want to take a wait-and-see approach to any offers to purchase your residence. In this market, the number of buyers exceeds the number of quality houses available. As a result, you may receive dozens of offers to acquire your residence if you wait for the local housing market to develop.

3. Your Home Selling Goals

You should feel good about accepting an offer to purchase your house. Therefore, if an offer to purchase enables you to achieve your home selling goals, you may want to accept it sooner rather than later. By doing so, you can take the next step to finalize your house sale.

As you debate how to proceed with an offer to purchase your house, you may want to consult with a real estate agent too. This housing market professional may be able to offer housing market insights that you won't find anywhere else. Plus, he or she can provide honest, unbiased home selling recommendations. And if you ultimately decide to accept an offer to purchase your residence, a real estate agent can guide you along the final stages of the property selling journey.

There is no reason to settle for a subpar offer to purchase your house. But if you consider the aforementioned factors, you can make an informed decision about whether to accept, reject or counter a homebuying proposal.

About the Author
Author

Maria "Action" Jackson

Maria Jackson grew up in Germany, but the first time she saw Cocoa Beach’s surf and sand, she knew she was home. That date was December 24, 1983, and although she goes back to Germany to visit often, she has never regretted her decision to stay here permanently.

Maria worked in several fields over the next few years, but they all had some link to the real estate industry.  She finally realized that was the career she was looking for and in 2004 she obtained her real estate license.  In 2019 she joined Keller Williams (KW). “I’m pretty tech savvy,” she says, “and I liked that the KW app is so up to date with the latest in marketing tools and internet sales.  I love using Social Media including Facebook, Twitter and the DSRE app.  I believe it’s important to utilize every tool at my disposal to market my customer’s listings.” Maria recently closed on a $860,000 home and credits the marketing tools to her success.

She wakes up each morning excited about what the day will bring. “Every day is a new day, a new client, a new listing.  I love the variety of learning something new every day. I’m a really good communicator and even better at being able to see the whole picture, even when my client doesn’t. Sometimes clients think they want one thing but I can point something out to them and they will do a complete reversal. It’s my job to point out all the details that sometimes they don’t see.”

Maria, who is fluent in English and German, has worked extensively with local and international investors. Although she lives in the charming Canaveral Groves community, she manages listings and transactions throughout all of Brevard County.

Maria and her husband have three grown daughters and two grandsons. They love family get-togethers and spend as much time on the water as possible. Maria devotes her volunteer time at a local elementary school and has helped host fundraising benefits for local residents in need.

Maria’s feelings haven’t changed since that first day she set eyes on the beach; she continues her love affair with Cocoa Beach and the surrounding area and knows that she made the right decision in calling this new place home all those years ago.