Your Trusted Real Estate Partner

You have an offer in hand, but want to wait for a better one.  How Much Better?

A higher offer can still leave less after delay and added costs.  Work out with your agent the price and timing that would make waiting worthwhile.  

Waiting might be the right call,   But a "better offer" has to answer two questions, and the list price answers neither.  

Question #1:   How much more a future offer would have to produce to leave the seller better off than this one, once the extra time and costs are counted. 

Question #2 ;  What evidence supports believing that result is attainable, and on what timeline. 

The first is arithmetic. The second is market evidence. A decision that skips either one is a hope, not a plan. 

THE CLOCK STARTS AT THE FIRST OFFER'S CLOSING DATE.

Suppose the next acceptable offer would arrive in about a month and need about 60 days to close, while today's offer closes in 30. The second closing would land roughly 60 days after the first one would have. That gap is the clock that matters: not how long until the next offer, but how much later the seller actually closes.  In that gap are mortgage payments, utility costs, escrow account costs.  If the home is vacant, those costs are in addition to your current property costs.  

WHEN WAITING MAKES SENSE:  The question is whether the evidence supports clearing the hurdle and what happens if it does not.  

THE DECISION:

What future price and closing date would beat the current offer after every relevant difference?

MY EXPERIENCE reflects both sides of this decision.  I can help you navigate these hurdles when you are ready to sell your home.