Posts from June 28th, 2021
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Buyers: Does an Early Offer Make Sense?
Your real estate agent has shown you a great home before the official open house. It's the right style, in the perfect neighborhood, and you love it. Should you seize the day and make an offer before the home is added to the list of Minnetonka homes for sale or Alexandria homes for sale? In most real estate transactions, offers come in after a house debuts on the market, and potential buyers get a chance to look at it. Some sellers will even set an "offer date" to expose the home to as many buyers as possible and get multiple offers. In some cases, however, submitting an early offer may be the best course of action.
What is an Early Offer, and When Should You Consider It?
An early offer is a bid made by a buyer on a property before it is listed on the Multiple Listing Service(MLS) or before the seller's official offer date. An early offer is a great way for buyers to get noticed before other buyers fall in love with the home at the Open House. Once the property hits the market, the seller or their agent will market the home to the best of their abilities. They'll promote the home online, schedule an open house, and set up multiple showings. These marketing efforts will attract multiple offers from different buyers.
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