Should I Take the Offer on My Home- Part II
Probably the most difficult part of selling a home is whether or not to accept or reject an offer given to you. Do I accept it as written? Do I reject it and counter offer? Do I just reject it with no response? What is the answer? It depends on you. It is tempting to work with an offer that is brought to you even though it is nothing close to what you had wanted. Some times it is better to just simply reject those types of offers. A rejection and then a counter tells them some of what you would have liked but when two people are so far apart it doesn’t always make sense to let them know what you would have taken that quickly. Even in a more difficult market, if it is not what you wanted, just turn it down. It saves everyone involved a lot of time. There are exceptions. Even though the offer is low, there may be something out there you want that would save you money; or, make you more money, so it is wise to work with the offer on the table. If you are facing foreclosure, it is better to have a little money than to risk loosing it all and have a foreclosure on your record that you have to work against for the next few years. If the offer is within a few thousand dollars and it is a difficult market with an average of six months market time, it may be wise to save six months payments and take a little less for your home. The bottom line is….it is your bottom line that matters.
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