West Knoxville Sellers: Should You Accept This Offer?

acceptorrejectIn a buyer’s market, selling your West Knoxville or Farragut home can be a trying process. With so many homes for sale in the Farragut and West Knoxville area, buyers are able to be picky and make ridiculously low offers. Still, as someone selling his/her  home, it can be difficult to decide when you finally receive an offer worth taking.  Here are some questions to consider when you are debating whether or not to accept an offer on your home.

  1. How long has your home been on the market? If your home is fairly new to the market, you may not want to accept the first offer that you receive, unless of course, it is a good offer. Yet, if you home has been on the market for a long time and hasn’t been having a lot of showings or receiving a lot of offers, any offer you receive you may want to seriously consider.
  2. How quickly do you need to sell? If time is not on your side, it could be hard to turn down an offer. If you’ve already moved, you are probably anxious to sell your home as quickly as possible. You don’t want to accept a terribly low offer that leaves you bringing money to closing. Yet, it may be worth considering a slightly lower offer than your asking price, if that offer leaves you walking away from the home in decent shape.
  3. Are the terms agreeable? Is the buyer offering a low price for your West Knoxville home? Are they asking for closing costs as well? Make sure all terms of the offer are reasonable.  If not, it may not be the right offer for you.

When it comes to deciding what offers you should and shouldn’t accept on your West Knoxville or Farragut home, it is truly a personal choice. Only you know your circumstances and what situation will be best for you. If you are considering selling your home, it is important to figure out what bottom line you are hoping to get out of the sale. That way, when it comes to accepting or declining offers, you know what exactly will meet your expectations and what will not.

Are you considering selling your West Knoxville home? Please let me know if there is anyway that I can assist you, you can give me a call at 865-696-9002 or send an email to Rick@TheBigOrangePress.Com. I’d love to assist you in anyway that I can.