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Seller Negotiations – Reasons to Accept an Offer

April 8, 2014 by Joe McAuliffe

Seller Negotiations – Reasons to Accept an Offer

1. Carrying Costs:

  • Repairs & Maintenance
  • Taxes
  • Insurance
  • Mortgage

2. Market Competition

  • Impact of Similar Homes Selling for Less
  • Impact of New Listings Coming on the Market (Pent-Up Seller Demand)

3. Adverse Changes in Market Conditions:

  • Supply
  • Demand
  • Consumption – Month’s Supply
  • Value – Prices

4. End of Season Drop in Business

5. Aggravation of Keeping it

6. Purchased Another Home

7. Quality of Life – Putting Future Plans on Hold

8. Lost Opportunity Costs

9. Inventory Increase (Supply vs. Demand)

10. Interest Rates Increasing – Reducing the Pool of Buyers

11. Impact of Hurricane Season

12. Annoyance of Showings Month After Month

13. Possible Lower Sales Price Later

14. Cost of personal time invested

15. Competition of New Construction Projects 

Discuss the Alternatives

  • What would be the consequences of not taking an offer?
  • If they took the offer, what would it allow them to do?

Filed Under: Cup O' Joe, Negotiation Strategies

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Joe McAuliffe is a business consultant and strategist who has spent his career working alongside the country’s top real estate and luxury real estate organizations, including Sotheby’s International Realty, Christie’s International Real Estate, and Coldwell Banker, as well as wealth management advisors and attorneys.His work developing strategic initiatives also spans Fortune 500 companies, including AOL-Time Warner, Fortune Magazine, MIT, Oracle Corporation, Martindale-Hubbel, Lawyers.com, and USA Today.

Joe is also a frequent guest speaker at leading real estate and wealth management industry events.

When Joe built his approach for real estate, he adapted strategies proven with corporations and high-net-worth clientele into a focused, rifle-shot methodology designed for agents, teams, and firms. His private consultations zero in on the exact activities that move the needle, helping clients achieve both personal and professional goals with far less wasted motion than a generic coaching program. Joe is also a frequent guest speaker at leading real estate and wealth management industry events.

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