Should You Accept the First Offer You Receive on Your Denver Home?

Phil Belonger Real Estate Video Blog

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In a strong seller's market, there are two different types of exposure. One has to do with marketing and the other has to do with time. We'll dive into both of these to ensure you understand the best strategies you can put in place to make sure you get the most amount of money for your home with the least amount of stress.
We put a home on the market Thursday of last week. We had 10 showings and two contracts the first day. Both the buyers who submitted an offer tried to pressure us into accepting it within 24 hours. We decided to let the property sit on the market for the entire weekend, which resulted in a total of nine contracts and even some cash offers. The seller was able to leverage all of these buyers against each other and get the best possible offer.

If we would have done this the old school way and accepted the first offer, the seller would have lost out on $11,000 and the chance to rent back the property, which turned out to be a huge bonus for this particular seller. This allowed them to buy their next home while living in their current home after they had closed.

Marketing is also extremely important, even in a strong seller’s market. If we can draw a lot of people into your home in the first couple of days that it’s on the market, we’re going to have a better chance of getting these people to bid against each other. This results in more money in your pocket, better terms, and your choice of financing.
If you have any questions about how our team can use time and marketing to get the best possible results when selling your Denver home, please don’t hesitate to reach out to us. We would love to help you take advantage of this strong market!