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Is Your First Home Offer Always the Best One?

Anything that holds the first position in life is always special. However, this may hold true in many other life experiences but may not be suitable for the decisions that involve buying or selling a property. Whether you decide to buy a home or sell a home in Knoxfield, Ferntree Gully or nearby suburbs, the decision holds mountain-like importance — both emotionally and financially.During the process, excitement is extreme and so is the anxiety. If you are selling your home for the first time, you may have to go through multiple experiences, challenges, and issues.After you list your property and the home is in the marketplace, the potential buyers will contact you and would want to go ahead with the process.Getting the first offer may seem quite exciting because when you put your house on sale, you expect a lot of buyers to come up and contact you. The probability of getting a buyer and not getting a buyer remains almost the same.

Tips to FollowIf you put your house on sale, make sure you follow these given tips:

Deep cleaning the windows, doors De-cluttering the house Organizing the cupboardsFresh paintReplace the non-functional light bulbs Style your homeReplace faulty power outlets

Taking care of all the above points and then putting your house on sale will potentially increase the chances of house selling faster than you expect. But if you want your house to sell even more faster, then hiring a right real estate agent would turn out to be the best decision. Their wide industry contacts and smart negotiating skills help in making a deal successful.

Situations When People May Accept the OfferNow, let’s get back to receiving the first offer i.e., the first buyer. Should you be accepting the first offer immediately or you should wait for the other expecting to get something better?Well, there is no hard rule to it. There is no fixed formula to know if your first offer is always the best offer or not. But, since it is your very first offer, it holds special place and must not be ignored.This is the question widely asked by a lot of people who list their valuable asset for sale. Even though there is no formula, many people may accept the very first offer in the following circumstances like:

If they are in a hurry Facing financial crisesDo not want to wait for so longHappy and satisfied with what they receiveGet exactly what they wanted — in the

first place

Why Hire a Real Estate Agent in Knoxfield?A real estate agent will give you the appraisal, update you the market value of the house, will make you aware of the current price. You may not be able to know this if you go solo on the ride. Due to the lack of awareness, you may have to settle for less. So, it is better to reach to a real estate agent and let them handle such property matters.The whole idea of getting a real estate agent by your side is that you understand the importance of pricing a home correctly to sell in the market. All this is done by the savvy sellers to research the market and the competition. Selecting and collaborating with a reputable real estate agent in order to settle with confidence that too on a realistic asking price.

As said above, real estate agents know in and out of the real estate market. The Real estate agents are able to provide market appraisals. So, as a seller, you must seek these at least from three sources based on the following:

Knowledge of the local area Comparison sales andOverall real estate market condition

Confidence in the asking price of the house means that a vendor will be able to assess and respond appropriately to any offer you put.While there is no real science involved in knowing if the first offer is the best offer, the idea is that it usually turns out to be the best because it is believed that the longer the property sits in the market, the older and staler it gets.Generally speaking, the property attracts the maximum interest when it is first presented in the market.Anything new in the market will be first seen and will lure maximum number of potential buyers.

A five-year study by RP Data has revealed that the vendors overall, received less by waiting longer to sell the house/property.The study further revealed that the homes took longer to sell i.e., more than 120 days — it consistently recorded the highest discounting figures.Otherwise, the sellers are keen to get the best possible price — even if they have to wait for it, they will. Rest, a lot of other factors, needs, and circumstances also affect the decision making. But such decision must not be taken in hurry or emotionally.If you are a smart seller, the market has smart buyers too. They do their homework and then make a reasonable offer.If you are someone who has just listed the property for sale and are looking for a potential buyer, contact the best real estate agent DJ Randhawa in Knoxfield. You can also contact him for any of the real estate needs and get your doubts, queries answered. Also, if you are looking for your property appraisal that too for free, reach out to none other than DJ.

41/1470 Ferntree Gully Rd, Knoxfield VIC 3180, Australia

(+61) 452 054 470

dj@knoxpropertyexperts.com.au

Content Resource:https://realestateagentau.medium.com/is-your-first-home-offer-always-the-best- one-a51c971b2bfd

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