Do You Have to Accept a Full-Price Offer on Your House?

So today I was hoping we could talk about something that comes up pretty regularly.

We've been hitting pretty hard this idea that the strategy that sellers should price very aggressively.

And I think I've done maybe one or two episodes about this idea.

Maybe a

couple.

Maybe a couple of episodes.

When I'm talking through this with sellers, we... routinely get the pushback of, well, that's all well and good, Glenn.

I get that you want me to price clear down here, But what if somebody makes me that offer? So I thought

we

would talk about that today.

So you've done it.

You've taken the plunge.

You've priced the house very aggressively.

And then someone comes along and makes you a full price offer.

What do you do?

I think, you know, the instinct is what do you do? You feel like you got an offer.

So you have to do something with it.

Usually something in the way of accepting or working towards acceptance.

Mm-hmm.

Yeah.

I mean, you know, just to lay this out very plainly, why do we do this? And I don't want to belabor this because like I said, we've done this a handful of times.

But we know that the goal for sellers is, is to get the best deal they can, top terms, strong buyer.

Well, we also know from many, many years of experience in thousands of transactions that you don't get there without a bidding war in most cases.

In fact, I've been really struggling.

I'd like to say every time, but I'm sure there's one or two examples in my past where maybe that's not the case.