Era Key Realty Services-Bay State Group
Jeffrey Germagian, Era Key Realty Services-Bay State GroupPhone: (508) 395-0778
Email: [email protected]

Excellent reasons to accept a purchase offer on your home

by Jeffrey Germagian 12/15/2024

Superb reasons to accept a home purchase offer

If you receive an offer to purchase your house, determining how to proceed with this proposal sometimes can be difficult. Ultimately, a home seller needs to weigh the pros and cons of accepting an offer to see if the decision best aligns with their home selling goals. 

An offer matches or exceeds a home seller's expectations

If a home seller receives an offer to purchase at or above the initial asking price for their house, they may be more likely to accept. In fact, a seller may want to provide an instant "Yes" to this offer, so they can quickly move on to the next step of the home selling journey. 

Of course, it helps to establish realistic home selling expectations before listing a residence. If a seller sets a competitive initial asking price that corresponds to his or her home selling expectations, then they may be better equipped than others to enjoy a seamless property selling experience.

An offer falls in line with the current housing market's conditions

If you're selling a home in a buyer's market, you may pounce at the opportunity to accept any offer to purchase that comes your way. Comparatively, if you list your house in a seller's market, you may need to consider all of your options closely before you accept an offer to purchase. 

As a home seller, consider evaluating the current state of the real estate market with your real estate agent. If you allocate time and resources to learn about the housing market, you can gain real estate market insights to help you determine whether to accept an offer to purchase.

An offer speeds up the property selling process

If you're operating on a tight home selling timeline, you may be more inclined than ever before to accept an offer to purchase, even if it falls below your initial expectations. Conversely, if you plan ahead for the home selling journey, you may reduce the risk of facing a time crunch to sell your house. 

For home sellers, hiring a real estate agent is key. This housing market professional can help a seller prepare for the real estate market and ensure a competitive price is set for their home. They can also market your listing effectively to maximize the number of potential buyers.



About the Author
Author

Jeffrey Germagian

Dating back to the 1970s when his father put him in charge of the family real estate business, Jeffrey Germagian has built a longstanding portfolio of real estate transactions and developments. Along the way, he has grown the family’s original company, then known as Baystate Realty, to the elite status it represents today as ERA Key Realty Services.

Although we’ve expanded our real estate offerings and our branding has evolved to represent all of the real estate services that we provide, ERA Key Realty, The Baystate Group still holds true to the honest business practices and principles that Jeffrey’s father set out with decades ago.

Jeffrey manages the Baystate Group which specializes in traditional home resales, land development, and 55 communities.

He lives in Hopedale, MA, and serves the local towns in the area including most suburbs of Boston as well as southwest of Boston. He is a Certified Residential Specialist and is fully licensed as a real estate agent to practice throughout the entire state of Massachusetts.