Your house has been on the market for just a few days, and
your real estate agent calls with great news. The folks who looked at the house last
night have come in with an initial offer to buy it! When the agent arrives to present
the offer, you are excited and nervous. As they go over the price and terms,
however, you feel that the price is a little low and that the offer contains
some terms that will be either or both expensive or inconvenient for you to meet. Should
you try to work it out or hold out for something better? Work it out! Not always, but often the
first offer to come in is the best one. When a house is new on the market,
there is typically a rush of activity and the buyers who see it during the first
few days are those most likely to be the most interested. If you're fortunate
enough to get an offer right away, you will probably be better off in the long
run if you accept it or try to work out a compromise through a counter-offer.
