Performance Real Estate Brokerage

There are a lot of factors that play into a Sellers decision to accept an offer and while it may sound shocking to most, the highest offer is not always accepted. Here are a few reasons why a seller may not accept the highest offer:

• Timing: Customizing the length of the closing to suit the sellers needs can often help seal the deal over a higher offer. Sometimes the seller needs more than 30 days to accommodate their move if they have not found their next home. They may get turned off from your offer if they feel pressured to move out sooner. On the other hand, the sellers might have already vacated the property and are eager to unload it ASAP. Make sure that your agent is clear on the sellers timeline so that you can meet their needs.

• Deposit: If a buyer submits their deposit along with their offer, this may be the deciding factor in a multiple offer situation where the offers are close in price. Submitting your deposit with your offer shows the seller that you mean business! And submitting a larger deposit than the competition will really get you noticed!

• Conditions: Conditions or Contingencies are there to protect one or both parties, allowing them to withdraw from the agreement without penalty. The most common contingencies - inspection, financing and appraisal, are all in place for the sole benefit of the Buyer. If you’re in a multiple-offer situation for your dream home, you will want to go in with the cleanest offer possible. Always ensure that you have been pre-approved before you start your home search. Conducting a pre-offer inspection is also an option. If you don’t feel comfortable submitting a firm offer, try to ensure that the conditional period is as short as possible.

• Story: It may seem cheesy but submitting a heartfelt letter and photo along with your offer can help you stand out from the others, especially if the seller has lived in the home for many years and the move is an emotional one. Often sellers will melt upon reading a letter that explains how the home spoke emotionally to a prospective buyer. This is an inexpensive strategy of standing out to a seller with a strong connection to their home!

Thinking of selling your house? Make sure to give your front door a fresh coat of paint! ⠀⠀⠀⠀⠀⠀⠀⠀⠀
According to a press release by Zillow in 2018, houses with charcoal or smoky to jet black doors sold for $6,271 more than expected.