In our softening market, there is a tactic sellers can use to nudge hesitant buyers to make a decision.
Our market’s inventory is slowly starting to rise along with our interest rates, meaning that it’s softening a little. Given this, if you’re looking to sell your property quick, we have a great tactic to try called the reverse offer.
So, what is a reverse offer, exactly?
A reverse offer is done when a proactive agent (like myself) meets with a seller and presents an offer to any potential buyer who has shown strong interest in the property.
"The reverse offer is a way to gently guide the buyer off the fence and fuel them to make a decision quicker."
This tactic is used when a buyer has scheduled either multiple showings or they’ve spent a long time previewing the property—if they’re interested in your property but are hesitant to make an offer, the seller can make the first move and present an offer to them. The reverse offer is a way to gently guide the buyer off the fence and fuel them to make a decision quicker.
If the buyer refuses the reverse offer, then that means they weren’t very interested in your property to begin with. If they accept, then you’ve achieved your goal of selling your property.
Additionally, a well-timed reverse offer could prevent your property from sitting stagnant on the market for longer than 60 days.
If you have any questions about reverse offers or real estate in general, please feel free to reach out to me. I look forward to speaking with you soon.