5 Ways the First Offer on a St. Louis House is the One to Take
Selling a St. Louis house can be tricky waters to navigate. Deciding to accept an offer can create a lot of panic for the homeowner, especially if the homeowner went into the process expecting a lot more from the deal than they were going to get. Most St. Louis homeowners want to get as much money for their house as possible, and they are willing to wait for the best offer. The problem with waiting is that the sale becomes stale.
A property that has been on the market for a long period of time generates less interest. Buyers will look at the amount of time a listing has been posted and assume something is wrong with a house that has not been purchased in months, even if the only problem is a homeowner that will not negotiate. The longer a property is on the market, the less likely there will be an offer. Sometimes accepting the first offer can be the best choice for a homeowner.
Timing is Everything
A real estate agent will be able to advise a homeowner on how to proceed with a St. Louis home sale. Most offers and interest is within the first few weeks of listing a house. After this, there are few people who will want to look at the house and less of a chance that they will make an offer. It is best to concentrate on the people who are making offers right away.
There are different times of the year that the market is better to sell. Depending on the area, these times can vary slightly. Most home sales do not happen in the winter months. No one wants to move during the winter and buyers are not looking during this time. Summer is a priority for buyers that have children in school. They would like to get the move complete before their children need to go back to school.
Money Talks
The difference between a cash offer and one from a buyer using a lender is time. The cash offer is going to close quickly, efficiently, and there will be few hang-ups during closing. A buyer offering all cash can bypass inspections, appraisals, and will not need approval from their banker to proceed with the deal. They have much more freedom than a person who is going to a lender to obtain a mortgage.
Limited Buyer Interest
Some St. Louis houses are an acquired taste. If the house has certain attributes that are not typical or downright strange, there may be fewer buyers available. This lack of interest may cause the listing to appear stale to potential buyers.
When faced with a house that is harder to sell, it may be best to take any offer that is given so long as it is in a reasonable range of what the seller is asking.
No Time to Chit-Chat
A St. Louis seller that has already purchased another house is pressed for time. If the house for sale is costing them too much money in upkeep, they may run into trouble with paying their new mortgage. Selling quickly is the only option in this type of situation to make sure that extra money is acquired.
If there is a move that was dependent on a work change, the spouse has likely moved to the new home. Many families decide to live apart until a sale is complete if there is a major life change. The spouse will move to the new area to get established with a new house and job while the other spouse and children will take care of selling the old house. This situation is stressful for everyone involved and selling quickly is ideal.
The timeline aSt. Louis homeowner hopes to follow is vital in the sale process. A homeowner that feels comfortable without selling their house can wait for that perfect offer to come by.
However, most St. Louis homeowners want to get rid of the burden of a second house or would like to move into their new home. Selling quickly and getting a good offer sometimes means haggling with the first person interested.