Sellers and inexperienced agents are prone to panic when a purchase offer is received during the first 1-2 days the home is on the market. They usually think something is wrong – like the price is too low.
But this is how the game works – the motivated buyers are automatically notified when a new listing hits the MLS, and they jump right on them.
Buyers may act quickly, but it doesn’t mean they are willing to pay the price. Their decision is complicated by fewer closed sales, and generally flat prices – plus the sellers still want test new highs.
What do you do when you get a quick offer that isn’t full price?
Here are my three thoughts when deciding what to do: