Princeton Town Topics – Let’s Talk Real Estate – March 17, 2010
WHEN TIME IS IMPORTANT
Your Realtor has just brought you an offer on your home, and you want to think about it. You would like your agent to contact the other people who have shown an interest in your home before you respond. Whether your
home has been listed for two days or two years, there is always the temptation to hold out for a bigger offer, and sometimes sellers feel a lot of resistance to making a decision.
Some buyers will include a deadline for getting a response to their offer, but even if there isn’t a deadline, you should reply to a buyer’s offer quickly. The period of time between submitting an offer and receiving a response is a crucial one because the buyers are free to withdraw from the transaction. Even though they are mentally landscaping your yard and arranging their things in your rooms, they may also be afraid that they will get the house and, therefore, are extremely vulnerable to buyers’ remorse.
