The Real Estate Offer

Just as setting a listing price is ultimately your decision, so is whether to accept an offer on that Bahamas real estate. These days, you may find it difficult to decide if a real estate offer is a good one because there are so many influential factors here in the Bahamas, as well as elsewhere. Getting an offer is the first positive step. Now you need to consider your options.

Are you under pressure to sell? Whether it's finances, family, or a new job on another island in the Bahamas, the urgency of your need to move may dictate accepting an offer lower than you had expected.

You don't want to accept an offer on real estate that's less than you owe, so pay close attention as to how all closing costs affect your bottom line before making the decision to accept or counter an offer. In negotiations, sometimes expenses can be shifted from one side to the other. A real estate offer is often subject to the purchaser receiving financing and this is usually a very frustrating experience since deadlines are seldom met.

You can expect a quicker closing with no surprises if there is no finance clause (provided there are no title issues and so on) and confidently begin to look for your next home or plan your next move. Even a lower offer from a pre-approved buyer may be better than a higher offer from one whose financing falls through at the last minute.

Remember, offers are about negotiation and compromise. Be flexible and reasonable when considering any and all offers that come your way. Your Bahamas real estate agent is there to help.