Offer date strategy should always be determined in consultation with the seller. With low rates,low inventory and strong appreciation for the last six or seven years,outstanding sales results have been achieved after as little as one week of exposure on the Multiple Listing Service. Strong attendance at open houses,frequent showings and multiple requests for information are all indicators of successful exposure.
As with anything, this decision shouldn’t be made in a vacuum. Be sure to take current market conditions into consideration. In a hot market, the most motivated buyers see the property in this first week, and will often compete, producing multiple offers for the property. Reviewing offers as they come can be advisable in slow markets or when a property will have more limited appeal. The first offer is often the best offer in these situations.
For sales of properties held in trusts, trustees will typically wait 10 to 14 days to review offers, to demonstrate to beneficiaries that the property was sufficiently exposed to the market before accepting an offer.
As seen on SFGate.com.
About the Author
Susan Coleman
I love what I do. I employ skills I’ve honed over a long period of time, to deliver my clients’ dreams. As my tagline says: “Skills that Deliver Your Dreams”. What could be a better occupation than this? To me, it’s not really so much about houses; it’s overwhelmingly about people, their objectives, hopes, fears, nuances. Each client processes very differently the myriad information and emotions involved in conveying property. My focus is to understand their process and deliver them a great experience, not as determined by me, but as defined by my client. I enjoy thinking unconventionally, to