Offer Days – Seller’s Viewpoint
Let’s walk through the process of an offer day from a seller’s viewpoint. Listing Price & Timing Most sellers who choose an offer day also list their property with a suppressed (lower than market) listing price. The thinking with this is that a lower price will attract more traffic and offers, creating an auction. The goal is to extract the highest price and a closing date, deposit, and terms preferable to the seller. Week of Showings If all goes well, the property will have an influx of potential buyers for the approximate week it is being showcased before the day offers will be reviewed. You should plan to have a second location to lay low, as you shouldn’t be at […]