Offer For Real Estate In Virginia
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Legally speaking, there isn't a time frame for sellers to respond to your offer. However, it's an unspoken rule in the industry that sellers and/or the listing agents should respond within a few days, with 48 hours as the norm.
Real estate agents often suggest that sellers either accept the first offer or at least give it serious consideration. Real estate agents around the world generally go by the same mantra when discussing the first offer that a seller receives on their home: The first offer is always your best offer.
How You Can Make Your Buyers Offer Stand out As an Agent Counsel Your Buyers to Be Realistic. It's your job to make sure your buyer's offer is reasonable. Structure Your Offer Around the Sellers' Needs. Advise Your Buyers to Waive Contingencies Where Necessary. Impress with Your Presentation. Follow Up.
A request for the highest and best offer can occur in real estate when a seller receives multiple offers during the sale of their home. The seller might request interested buyers to submit their highest offer with their best terms, allowing them to choose whichever one they like best without engaging in negotiations.
Consult An Agent For A Comparative Market Analysis (CMA) Another good option is to have a real estate agent (who might also be a REALTOR®) help you determine the value of your home. A real estate agent will look at the current housing market and use a comparative market analysis to assess your home's valuation.
So can a real estate agent lie to you about whether they have an offer or not in just about everyMoreSo can a real estate agent lie to you about whether they have an offer or not in just about every transaction. A good buyer's agent will call the listing agent. Before writing an offer to inquire. How
You can always offer 20-50% under asking.
“In a buyer's market, I would not hesitate to submit an offer that's around 10% below asking,” advises Chris Cloud of Exit Heritage Realty in Haymarket, VA. “Most sellers will at least see that as worthy of a counteroffer.”
While the listing broker can offer suggestions and advice, decisions about how offers will be presented – and dealt with – are made by the seller - not by the listing broker.
