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Accepting An Offer >Is First Always Best Your home has been listed for just a few days, and your real estate agent calls with great news. The people who looked at the house last night have come in with an offer to buy it! When the agents arrive to present the offer, you are excited and hopeful. As they explain the price and terms, however, you feel that the price is a little too low and that the offer contains some terms that will be inconvenient for you to meet. Should you try to work it out or wait for something better? Work it out!
Often the first offer to come in is the best one. When a house is fresh on the market, there is usually a flurry of activity and the buyers who see it during the first few days of the listing are likely to be very interested. If you are fortunate enough to get a solid offer right away, it will probably be to your advantage to accept it or try to work out a compromise.
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| Q |
Whose mansion sold for about $2 million after just one day on the market?
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| A |
Soon after the death of George Burns his home was put on the market; the home sold in 24 hours.
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