Sell Your House Fast in Lake Charles and Lafayette

Prepare For the Home Buying Offer in a Seller’s Market

Posted by Bayou Property Partners on May 24, 2021

If you are selling your Lake Charles house in a seller’s market, you’re probably expecting to get an offer very soon… but once you get an offer, what should you do? In this blog post you’ll read how to prepare for the home buying offer in a seller’s market in Lake Charles…

In a seller’s market, you’re almost certain to get an offer on your house. But what should you do when you get an offer? Do you just accept it? Do you negotiate? How? What should you do?

When it comes to accepting offers in a seller’s market, it’s best to be prepared. Here’s how to prepare for the home buying offer in a seller’s market in Lake Charles…

How To Prepare For The Home Buying Offer In A Seller’s Market In Lake Charles

First, decide on the criteria that you want in the offer.

Ask yourself what’s most important to you. For example, do you want to sell quickly and get a fast possession date? Or maybe you want to get a high selling price. Yes, both of those might be important to you but one of them will be more important, so determine which is most important for you.

Second, think about what you want for a bottom-line price.

In a seller’s market, you may get a higher price than your bottom-line price but it’s also very common for property owners to accidentally over-estimate the price they think they’ll get on their house. Therefore, determine your bottom-line price. Chances are, you’ll get an offer somewhere between your bottom-line price and your preferred price.

Third, think about the possession date you want and consider any flexibility you have.

You might want to move right away, for example, but you could potentially open yourself up to better offers if you don’t press for a specific possession date but instead find out what buyers are willing to offer.

Fourth, remember that you’re still the seller.

Even though it’s a seller’s market, remember that the buyer is still the one with the money and they could decide to buy a different house. Decide which terms and conditions are absolutely imperative for you and which ones you’re more flexible on. That way, if a buyer has all the money and no contingencies and is willing to close within your preferred timeline, you can work with any conditions they may have.

Summary

In a seller’s market, it’s often thought that the seller has the advantage but there are times when you might want to sell now instead of putting your house up for sale, cleaning it up, and seeing what buyers will offer.

Facebook
Twitter
LinkedIn

Ready to Sell Your Louisiana Home?

To get started, please request a cash offer online using the form below or call us at (337) 246-5935.
Get Your Free

Cash Offer

Sell your house fast without fees, repairs, or closing costs. We pay cash for homes in Louisiana. Enter your property address and phone number below. We’ll contact you you no-obligation cash offer in one day or less.