Profile picture for 43786

Should we take this offer?

Our house has been up for sale for 4 weeks, we have had about 11 showings all with great reviews. We received an offer yesterday. We are listed at $159,900 including appliances. The offer started at $140,000 and they do not want appliances. We countered $154,900, they came back with $150,000. Do we accept or hold?
  • April 07 2011 - Northeast
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Answers (25)

Profile picture for PukonYukon

Dina...this is an old post. I bet they have done the deal by now.
Read the dates on the post not the dates of the reply.   Just because another agent didn't pay attention doesn't mean you want to join them as one who doesn't pay attention.

  • December 02 2011
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If you are willing to take $154,000 an offer of $150,000 is great! Your first offer is usually the most realistic because it comes from buyers who have seen everything else on the market already. The longer you stay on the market the more time and (perhaps money) you will spend. Plus future offers may come from buyers who are just entering the market and are not realistic yet, and may offer less. In short- I recommend taking the offer!
Good Luck!!!!
  • December 02 2011
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Profile picture for Dan Malloy
The old adage "your 1st offer is the best offer" is more true today than ever before.  Based on the info you have provided, I would recommend moving forward with the offer.
  • November 28 2011
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Congratulations and Good Luck
  • November 19 2011
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I agree to accept the offer.
  • November 05 2011
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If the value of your property is anywhere near $150,000, take the money and run!
  • April 12 2011
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good luck!!!
  • April 12 2011
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Profile picture for mckylie
Congratulations!!!!!
  • April 12 2011
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That sounds great good luck.
  • April 09 2011
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Profile picture for 43786
Thanks for all the feedback, we worked out a deal with the buyer at $152,500 and we will take care of a couple of items for them to help balance things out.
  • April 09 2011
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Usually your first offer is the best offer. Don't make the mistake many buyers make when they get an offer quickly. Just make sure the buyer is pre-approved for the mortgage! Good Luck!

  • April 08 2011
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Profile picture for sunnyview
My gut says take the offer. What does your gut say?
  • April 08 2011
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It does depend on your individual market place, where your agent would know your area.  Usually as an agent, I start reassessing the price after a dozen showings. I would say to take it, if you do not and sit for another month or two- would you wish you had. Your in the prime selling season of the year. Donate appliances and take tax writeoff, or  an sell on Internet. Not sure of all your particulars, but after the offer is gone--ITS GONE. THe buyers will move on and buy another property.

Good Luck!
  • April 08 2011
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What does your agent say to do?  Sounds like a good price point if you have been on the market for 4 weeks with no offers.  Don't lose the buyer, the first offer can often be the best.
  • April 08 2011
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Don't lose the Buyer! I'd sell the appliances and accept the offer. 4 weeks on the market and no offers tells you it was probably over priced. Ask your agent to do a current Market for you.

  • April 08 2011
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Profile picture for mckylie
They say that your first offer is typically the best offer.  Go for it!  Sell your appliances on Craigslist!
  • April 08 2011
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You need to jump on that.
  • April 08 2011
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Profile picture for brad606
I agree that it's probably a good offer that you should take, of course with lots of assumptions.

My thinking is, after 4 weeks on market you probably weren't far off from making a $5k - $10k price reduction anyway (maybe I'm wrong).  If you had, I doubt you would've done better than this $150k offer.

Of course, you can hold, asking them to come up to your price.  It's either your $4900 to gain, or theirs.  In such a strong buyer's market, I'm inclined to say its theirs. 

Just random $.02 from an Internet stranger.

Good luck!
  • April 07 2011
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accept
  • April 07 2011
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Profile picture for Connie Klemme
sounds reasonable.  Take a good look at your bottom line, if it's good then go for it.
  • April 07 2011
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If you are happy with it, take it.  It is impossible for anyone answering to know without knowing the market and value of the home.  If is was priced on the high side, it may be a good offer, if priced fairly matbe not. A good offer is based on the value of the home, not the list price.

  • April 07 2011
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Sounds great!
  • April 07 2011
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Sounds like a great offer!  Take it!
  • April 07 2011
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Definitley accept it.
  • April 07 2011
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Profile picture for wetdawgs
94% offer sounds great!  (Actually it is higher because I didn't calculated in the value to you of the appliances).  Go with it.
  • April 07 2011
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