True or False...First offer is always the best offer?

  • October 07 2010 - Naples
  • 0Yes

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Answers (28)

yes and no...it depends on the type of sale it is

  • October 26 2010
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Profile picture for JackieGriffin
Typically Yes, especially in a decreasing market, but in the increasing market, who knows.  As the market makes its bottom, offers are typcially all over the place and the first offer may or may not be the highest and best. Some buyers see inventory decreasing and prices stabalizing or going up, some buyers think the prices will continue to drop no matter what, but only those lucky ones with the crystal ball know for certain!
  • October 26 2010
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It seems that that is universally true!
  • October 25 2010
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True, it is the only offer at the time. So at the present time it is the best offer at the time but, not necessarily the offer that is the best for my listed customers needs. The best offer comes when it meets the customers needs that an agent represents.
  • October 22 2010
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Profile picture for blue screen exile
I think those were titles of some books she is planning on writing.  Either that, or they are existing book titles, and she just forgot to provide the references and author names.
  • October 10 2010
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I too Like to randomly Capitalize some Words!

The first offer is the best, unless another offer is better... I stand by it!
  • October 10 2010
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The First One is The Charm!  The first offer isn't a valid Offer until Presented, and discussed. I always Call the Agent on the Other Side to make sure she received the Contract. I start off there feeling out the matter  and stating Part of what I still might have been Authorized to say but haven't already.   Work things out, just an Offer isn't anything, make that Baby into A CONTRACT!  It Nice when everyone can Win!   Or even left feeling Like A Winner!

  • October 10 2010
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I've heard it said that's true and after being in real estate for a few years I think it is always important to take your first offer seriously.
  • October 10 2010
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I can not say unequivocally that the first offer is always the best.  However, in this market any offer needs to be looked at very carefully. 

We are not in a market where multiple offers are the rule...so proceed with care.

  • October 09 2010
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Profile picture for x88
There are no crystal balls, so treat the first (and maybe only) offer with detailed attention.
  • October 08 2010
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Profile picture for Maria Bradfield

Never say always!  I recommend you negotiate  to a win-win situation on your first offer.  It speeds up the time so you can move on and get that money in the bank faster. 

  • October 08 2010
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funny question. Time will tell... maybe..
  • October 08 2010
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Sometimes it is, sometimes it's not. However, the longer your home is on the market, you can expect a lower offer. Buyer's will look at your market time for a reason to negotiate the price. There's a fine line between taking that first offer or holding out for a better one that may never come.  

  • October 08 2010
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No, however there are times that the first offer is the only offer that will come by the sellers way.
  • October 08 2010
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Profile picture for Ian Rosenbaum
When you receive the first offer it is the only offer you have so therefore it is the best offer.

In today's market I say that any offer is a good offer. I always advise my clients to try and work out a deal with the first person that makes them an offer as they may not get another chance for a while.

That doesn't mean that you should take the first offer as written. I usually find that you can negotiate to about the half way point from the offer amount and the asking price. So say a house is on the market for $300K and you get an offer at $270K it is likely that the buyer will be willing to go up to $285K to buy the house.
  • October 08 2010
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Profile picture for rossalini
only has to be one that is not to be FALSE: one I'm in escrow with now was the fourth and finest offer.  Remember too, price is not the only component...amount of cash, type of financing, escrow period, etc., all have an impact on when/if the deal will close.
  • October 08 2010
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Just more evidence to "never" say always!  :)
  • October 08 2010
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False.............just had 2 deals that proved the theory of first offer being the best offer wrong .............but...................sometimes it 's true!
Go figure!
  • October 07 2010
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Profile picture for Dunes....
If the answer was TRUE then there would be no such thing as Divorce
  • October 07 2010
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Profile picture for Reallyfedup
May be keep your first offer for 5 days and see if you get any offers, you will know demand for your property in the market.

You hold my buyers offer for 5 days and I'm telling my buyers to walk.  Time is of the essence in this business.  Lately there are plenty of other choices out there.
  • October 07 2010
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It depends on the area you are in, what buyers are looking for and what the price offered.. We are in a time where housing is very illiquid.  A house that needs a little work that would have sold several years ago in a month may not find a buyer in the current market. 
  • October 07 2010
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Silly Questions... it's FALSE...except when it TRUE...

  • October 07 2010
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May be keep your first offer for 5 days and see if you get any offers, you will know demand for your property in the market.
  • October 07 2010
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Profile picture for Michael Olin
Most of the time the first offer is going to be the most motivated buyers for the property. It's new, fresh and days on market are very low. Once buyers see the property on market for a few weeks or months they tend to try and negotiate more....so odds are in your favor to go with the first offer.
  • October 07 2010
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Profile picture for wetdawgs

Often, not always.

  • October 07 2010
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The first offer is always the best offer, except when a later offer is better.
  • October 07 2010
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Profile picture for sunnyview
I would say yes. In many cases, the first offer is the best. I cannot say that it works that way 100%, but from my experience it seems to be truer than not.
  • October 07 2010
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Absolutely not, but I've ran into many people who have passed up that first offer never again to get one as good.
  • October 07 2010
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