Every Offer we receive is better than the Offer that was not submitted. I think I am a logical thinker when my client receives an Offer to purchase from one person who looks at the house and no Offers from five parties who also looked at the house, the one offer in my hand is better than any of the Offers that were not written. Regardless of the terms, this Offer is a good thing and here’s why:
- There is at least one favorable term in every Offer. The Offer is an invitation to talk about terms.
- The Offer the seller will not accept has terms only the seller and buyer will know. Any buyer sitting on the fence will be told “An Offer is in.” What’s more likely to inspire a person to move off center better than anything known to man? The fear of loss.
- Zero Offers leave you two Offers short of a competition. One Offer is half way to a seller’s market.
I have a chuckle when listing agents refer to Offers as “low-ball”. That comment is driven by unmet expectations, and likely some fear of the seller’s displeasure. In the hand of a Realtor with an attitude of abundance, that unacceptable Offer can be the most important piece of the puzzle for a client to go from here to closing in a hurry. Be grateful for any Offer and let the buying side know you appreciate what they’ve given you.