Purchasing a home in Eloy can be a fun and exciting experience, but what you’re going to find is that there are a lot of sellers out there that are just extremely hard to work with! Like all aspects of life, there are going to be people that you just can’t get along with. If you’re setting out to put a bid on a house, or maybe you already have, you may have been in for a treat when the seller came back with a full price counter offer.
Why do sellers make a full price counter offer?
Greediness can play a role: One of the main reasons that sellers come back with a full price counter offer is due to their greed. Many sellers think that their house is worth X, when in reality it’s worth B. While a real estate agent can give them all the advice in the world, a seller can be in their own little bubble. These are sellers that generally won’t budget.
Sellers may bite: If a seller is desperate and they love the house, what many real estate agents recommend is that the sellers come back with a full price offer. Remember, the worst thing that the seller can say is no. If it’s a hot market and the house has been getting a lot of action such as many walkthroughs, etc, the seller may try to call you on your bluff.
It’s young: If the house has only been on the market for a few days, the seller may not want to go under the asking price just yet. If this is the case, it may be best to just offer the full price if the home is worth it. If it isn’t, you may want to wait it off for a month or so, and make the offer again if it’s still available.
There are many reasons on why a full price offer comes back. Be sure to work with your real estate agent to ensure that the home is actually worth the value because what you may find is that the full price is in fact a good deal.