Tuesday, March 26, 2013

Why should a buyer give a short response time on an offer?

The above title was actually my second choice for a title as my first choice was really “Why should a buyer give a competitive offer from the start?”

In our local market (Brevard County, Florida) as in many others, multiple offers are becoming more common.  In our market homes are getting offers accepted within days of hitting the market.

So “Why should a buyer give a short response time on an offer?”  Simply to reduce the likelihood of more (and better) offers showing up.  A seller has no way of knowing if another offer will arrive so they may be more amenable to accept the “bird in the hand.”

So Why should a buyer give a competitive offer from the start?” Because, even with an abbreviated 24 hour response deadline like 24 hours, additional offers may show up.

The real estate market is changing…fewer move in ready homes and more interest from buyers.

Ready to buy a home in Viera or Rockledge, Florida?  Call me at 321-693-3850 or email me if I can help in any way.