Your beautifully decluttered and staged home is on the market, your agent has hosted open houses and showings, and now you’ve got an offer – maybe even more than one. So now what?
With any offer you receive, you can either accept it, reject it, or counter it. If you counter the offer, the buyer can counter back, accept your counter, or reject it, and so on.
As the market stands now in most of the Lower Mainland, it is common to receive more than one offer, especially on single-family homes. Before offers are presented, you and your listing agent need to decide if you will receive them by email (so that just you and your agent are present while reviewing them) or if you want to let the buyers’ agents present to you in person.
If you choose the latter scenario, your agent will arrange for each offer to be presented at a different time. For example, if there are three offers, the first one will be presented by the buyer’s agent; they leave and the next buyer’s agent comes and presents; after they leave, the final buyer’s agent presents. Then you discuss all three offers with your agent. You may choose to accept one of them, reject all of them, or counter one of them. If all offers are close, you can also give all parties the opportunity to come up in price. Your agent will discuss all scenarios with you.