Your real estate agent’s marketing efforts turned out to be quite a success, and you have now received your first offer on your duplex, triplex or fourplex. Do you accept it, or do you play hardball?

The decision is entirely yours. However, if the first offer is on the lower end, you can make a counteroffer to haul up the offer price into your listed price range. Remember this: First offers usually come from motivated buyers. As a seller, you can use your buyer’s motivation to leverage a better deal.

Also, keep in mind that you are taking a gamble when you don’t choose any of the lower initial bids. The longer your home sits on the market, the longer people will look at your listing as if there is something wrong with it — and the less likely you will receive a higher offer at the end of the day.

Is a Higher Price Everything on the Sale of a Duplex, Triplex or Fourplex?

Accepting an offer in your home is understanding your motivation and knowing that a higher price is not everything. Several factors, such as buyers’ willingness to go all cash down or waive any contingencies, can improve a lower offer.

What’s the takeaway?

Make sure you get your buyer to bring the offer price closer to your listing price but don’t get too greedy. Know your deal-breakers and be flexible and willing to find a middle ground to close the deal.

Ready to Sell a Home in Silicon Valley?

Selling a home can be stressful, but Debbie Marino is here to help. If you live anywhere in Silicon Valley, call Debbie at 408-210-2400 or send an email to Debbie@PropertiesInSiliconValley.com to request a free, no-obligation consultation.

If you’re also looking for a new home in Silicon Valley, use the links below to get started:

  • San Jose homes for sale
  • Campbell homes for sale
  • Santa Clara homes for sale
  • Cambrian Park homes for sale
  • Los Gatos homes for sale
  • Monte Sereno homes for sale
  • Rose Garden homes for sale
  • Santa Clara homes for sale
  • Saratoga, CA homes for sale
  • Willow Glenn homes for sale
  • Silicon Valley duplexes for sale
  • Silicon Valley triplexes for sale
  • Silicon Valley fourplexes for sale