Choosing the Best Offer For Your Candlewood Lake Home for Sale
Choosing the Best Offer For Your Candlewood Lake Home for Sale
You’ve worked hard on preparing your Candlewood Lake home for sale and have done enough research and consulting with your agent on the best price. You may already be receiving a number of offers from interested buyers.
Having a plan on how to review and select offers from buyers is necessary so you won’t miss out on the best offer.
Selling your Candlewood Lake Danbury CT home will go smoother if you treat it as a business deal and don’t let your emotions influence your decisions.
Here are some tips on how to select the best offer for your lake property, whether it’s in Candlewood Lake or Lake Zoar:
1. Know and understand the process.
There are 3 things you can do once you receive an offer: you can either accept it, reject it, or negotiate with the buyers to modify some terms in the contract. This is called making a counteroffer.
2. Decide on your most important terms beforehand.
Decide way in advance the terms that are most important to you, like if price is more important over closing date or if you require the buyer to submit an offer in writing with a preapproval letter.
3. Create a process for reviewing offers.
If you receive multiple offers for your lake property, work with your agent to create a timeframe where buyers can submit offers. This gives your agent time to market your Candlewood Lake home to as many buyers as possible and time for you to review all the offers. This also allows you to get the best offer and terms.
- 4. Don’t take it personally.
Although selling a home can be an emotional experience, it should be considered as a business transaction and treated as such. If a buyer complains about something about your property or makes a lowball offer, don’t be offended. Instead, you could think of it as a sign that the buyer is interested and that these comments or complaints are part of their negotiating tactics. Be ready and willing to negotiate.
5. Review each term.
Carefully review all the terms in each and every offer. Price is not the only important term to consider. Find out if the buyer is asking to include fixtures with the property like furniture, appliances, window treatments, etc.
With each term, ask yourself “Is this a deal breaker or is it a negotiable term that may help me close the sale?”
In case you have received an unacceptable offer, have your agent talk to the buyer’s agent to find out what is most important to them and see if you can meet that need.
The key to a successful negotiation with the buyer is flexibility. Making sure you review and understand all the terms, follow the process for reviewing offers, and work closely with your agent will ensure that you will not miss out on the best offer for your Candlewood Lake home for sale.
If you need more ideas that will help you sell your home, visit www.CandlewoodLakeCTRealEstate.com and read “Top 10 Tips to Prepare Your Candlewood Lake Danbury CT Home For Sale.”
Call me, Deborah Laemmerhirt now at 203-994-4297 and let me assist you with everything you need to know about selling Candlewood Lake homes. My years of experience as a preeminent real estate professional in Ridgefield, Redding, Wilton, New Fairfield, Brookfield, Bridgewater, Roxbury, Washington, Weston, Westport, Southbury, Kent, Sherman, Easton, and Bethel, CT, combined with my dedication to providing the finest service will make it easier for you to find your dream home in Connecticut.
