3 Factors to Consider Before You Counter an Offer to Purchase

by Debbie Taylor 05/07/2019

You don't need to be a home selling expert to counter a buyer's offer to purchase your house. In fact, sellers who know what factors to consider as they evaluate a homebuying proposal may be better equipped than others to submit a successful counter-offer.

Now, let's take a look at three factors a seller should consider before countering a buyer's offer to purchase his or her home.

1. Your Home Selling Goals

If an initial offer to purchase your home falls shy of your property selling expectations, there is no need to stress. By countering this proposal, you and a buyer may be able to find common ground. And as a result, both parties may be able to come to an agreement on a house sale.

Analyze your home selling goals closely. And if you find a buyer's offer to purchase comes close to helping you achieve your goals, you may want to submit a counter-proposal.

2. Your Home's Condition

The condition of your home may have far-flung effects on your house selling experience. If your home is in need of assorted upgrades, a buyer may be more inclined than ever before to account for these repairs in his or her offer to purchase. Meanwhile, as a home seller, you need to consider your residence's condition as you assess an offer to purchase and proceed accordingly.

If you feel a buyer's initial offer to purchase your home is low based on your residence's condition, you may want to counter the proposal. However, if you account for the costs of potential home repairs in your counter-proposal, you may be able to come to terms with a buyer on a home selling agreement.

3. Your Home's Price

Although you may have allocated significant time and resources to price your home appropriately based on the current real estate market's conditions, you may receive an offer to purchase that falls short of your expectations. Fortunately, if you submit a counter-proposal, you can make it clear about what price you are willing to accept for your residence. And if you provide a counter-offer to an initial homebuying proposal, you can show a buyer exactly how much he or she will need to pay to purchase your house.

As you analyze an offer to purchase your home, keep in mind that you can always collaborate with a real estate agent too. If you work with a real estate agent, you may be able to gain the insights you need to make an informed property selling decision.

Typically, a real estate agent can help you weigh the pros and cons of accepting, rejecting or countering an offer to purchase your house. If you are looking for in-depth home selling recommendations and suggestions, a real estate agent is happy to provide them to you at your convenience.

Assess an offer to purchase your home carefully – you'll be glad you did. If you feel you may be able to reach an agreement with a buyer, you may want to counter his or her homebuying proposal.

About the Author

Author
Debbie Taylor

Debbie Taylor has over 25 years of experience and knowledge in the Denver Real Estate market. First as an investor and for the past 18 years as a REALTOR.

Debbie Taylor specializes in Central Denver homes and has over 20 years of experience in Central Denver and surrounding areas. I am an area expert for Denver Cherry Creek, Hilltop, Washington Park, Denver Country Club, Alamo Placita, Crestmoor, Montclair, Park Hill, Congress Park, Mayfair, Mayfair Park,Lowry, Stapleton, Park Hill and Cheesman Park. I can provide you with all of the information you will need to know about buying or selling a home in Colorado. It is vital that you put your trust in someone who knows the market and has the personal resources, network, and accountability in the community to get you the best deal possible.

Because the real estate industry is becoming more complicated and advanced everyday, you simply have to have a professional in your corner that understands the industry and is positioned to stay ahead of the game.

I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using the most aggressive advertising and marketing techniques available to attract potential buyers. I wants you to enjoy the process of selling your home. My goal is to get as many qualified buyers as possible into your home until it is sold.

Call Me today if you would like to begin the process of finding a home or selling your current one. I look forward to negotiating on your behalf. When you employ Debbie to handle your real estate interests, you have employed a valuable, detail-oriented REALTOR who holds your best interests at hand.

I have a firm knowledge of what makes a successful home investment. Feel free to contact them if you would like an evaluation of your home and its value or if you have any other questions about the real estate market here in Colorado. I have a full relocation package available upon request just give me a call on 303-589-6692 or send me an e-mail at [email protected]

Debbie Taylor, CRS, Broker/CO-Owner RE/MAX of Cherry Creek