3 Reasons to Counter an Offer to Purchase

by Ned Hands 11/24/2019

After you receive an offer to purchase your residence, determining the best course of action often can be difficult. Because if you make the wrong decision, you risk missing out on an opportunity to sell your house and maximize its value.

Ultimately, it may prove to be beneficial for a home seller to submit a counter-offer. There are many reasons why a seller may choose to provide a counter-proposal, and these include:

1. A homebuyer's initial offer to purchase fails to match your expectations.

Although a homebuyer's initial offer to purchase your residence fell below your expectations, you can always submit a counter-offer to find out if a buyer is negotiable. That way, you may be able to work with a buyer to find a common price that is suitable for all parties.

When it comes to selling a house, there is no harm in submitting a counter-offer. Remember, the worst response a home seller will receive to a counter-proposal is a simple "No." And even in the worst-case scenario, a seller can move forward with the property selling journey and await an offer to purchase that matches his or her expectations.

2. You are flexible about the price of your house.

As a home seller, you probably realize that what you originally paid for your house is unlikely to match your residence's current value. But even if you set a competitive initial asking price for your home, you may still want to negotiate a counter-offer if a buyer's initial proposal falls short.

The housing market constantly fluctuates, and a sector that favors sellers today may favor buyers tomorrow. Thus, if you are flexible about the price of your house, you can always negotiate a price with a buyer that accounts for the present state of the real estate sector.

3. You want to get the best-possible price for your residence.

The goal of the home selling journey is to obtain the best price for your home, regardless of the real estate market's conditions. Therefore, rather than accept or reject an offer to purchase, it may be beneficial to see if you can receive a better proposal from a buyer.

As you move along the home selling journey and review an offer to purchase, you should not hesitate to collaborate with a real estate agent. With a real estate agent at your side, you can receive plenty of guidance throughout the home selling journey.

Typically, a real estate agent will help you list your residence and promote it to prospective buyers. He or she will set up home showings and open house events and keep you up to date about any offers to purchase your residence. Then, when you receive an offer to purchase, you and your real estate agent can work together to determine how to proceed.

Hire a real estate agent – you'll be glad you did. By employing a real estate agent, you can get the help you need to fully analyze an offer to purchase your residence.

About the Author
Author

Ned Hands

 
About Ned and the Hands On Team

The Voice of Experience

Perhaps not surprisingly, family is the most important aspect in Ned's life. Ned's connections in the local real estate community stretch back more than 30 years.  As a longtime St. Petersburg resident, Ned's mother, Sue Hands had proudly served the needs of fellow residents since 1981. As a result, he was able to draw upon a wealth of experience and expertise to guide his clients’ transactions to a successful conclusion.

Grew Up in the Business

With his mother being a premier real estate professional since the time he was a young boy, Ned practically grew up in the business. From the age of 10, his father began teaching him the importance of a strong work ethic and learning the value of a dollar. When Ned eventually joined Sue in the family business in 2005 she also made him earn his stripes and stand on his own two feet before they formed their partnership. Today, that partnership can be the key to your success.

Not Just in Name

Anyone who has worked with Ned, or had the opportunity to work with Sue, will tell you their “Hands” surname is fitting. You see, he prides himself on his hands-on approach to helping people achieve their real estate goals. To Ned, being “hands on” means always being proactive, providing great advice to his clients, and continually making his clients’ best interests his first priority. It’s an approach that has proven successful and developed a dedicated following of loyal customers.

Even after being in the business so many years, Ned is still motivated by one, unifying goal – that smile on his clients’ faces when he's helped achieve their goals.

“There’s nothing like the feeling of knowing we’ve make a positive difference in the lives of our clients,” Ned says. “We understand the importance of ‘home’ on many levels, personally, financially, emotionally, and we are motivated to help our clients make the most of every opportunity.”

Family Values

Ned provides his valued clients with a superior level of service every step of the way. Outside his professional persona, Ned is a dedicated husband and proud father of two. To him, there’s nothing more important than family, whether it’s volunteering at his daughters’ school or taking advantage of the great outdoors with his wife and kids. Ned holds a true passion for the St. Pete area.

A Hands-On Approach

If you’re considering a move within the St. Petersburg area, don’t settle for any ordinary real estate agent. Instead, turn to a team of dedicated professionals who will bring A Hands-On Approach to accomplishing your goals. Call Ned Hands today to schedule a private consultation.

Languages
English

Areas of Service
St. Petersburg, Pinellas County Beaches, Pinellas County, Tampa Bay Area