It's natural for many sellers to be hesitant to accept the first offer they receive on their home. Especially when we are experiencing extreme shifts in the Marylad housing market. Howard County home sellers may want to entertain multiple offers from interested buyers and could even be thinking about potential bidding wars.

In certain circumstances, however, the first offer on your home may actually be the one you should accept. It might make more sense, especially if it is a fair one and you are living in a fast real estate market. 

Here are specific cases where the first offer on your howard county home is the one worth taking:

1. If You Need To Move Quickly

Whether you need to relocate quickly for financial reasons or if you are experiencing a major life event, such as a divorce or a job transfer, your main goal is to sell the property as quickly as possible. It will be a huge relief for you and your family since you can reduce the amount of time you have to pay to cover your living expenses at two homes. 

Explain your situation and motivation to your Maryland real estate agent so he or she can market the property to secure the best selling price from a serious buyer to avoid the deal falling through.

2. If Your House Has Been Sitting On The Market For Too Long

If your home has been sitting on the market for weeks now for whatever reason, the first attractive offer that comes could be your best bet, especially if it isn't a lowball offer. Accepting it might make more sense if you don’t want your property to continue losing it’s value.

3. If You Receive An All Cash Offer

You may want to consider if a buyer gives you an all-cash offer. Cash buyers are usually a safe bet since they don't have to wait on their mortgage to be approved and their offer comes with fewer to no contingencies. This offer can give you a much smoother transaction even if it’s not necessarily the best deal. An all-cash offer is also great if you need to move quickly for financial reasons or if you’re experiencing a major life event. Just make sure to carefully assess the buyer with your realtor to ensure a smoother transaction. 

4. If You Have A Pool Of Limited Buyers

Houses that are considered weird, quirky, or contemporary won't likely appeal to the general buyers, which means they can be trickier to sell. Just check this unusual Baltimore Bath House for example. This 925 square foot home is completely open, with the pool as it’s main feature. A spiral staircase, a metal cat-walk, open bathrooms and more surprises fill the home.

There’s a good chance that offers will be few for those kinds of houses because of its small group of interested buyers, so the first offer will likely be your best option.

5. If You’ve Inherited The Home

If you've inherited a home from a deceased loved one and your main concerns are to get a fair price and have a smooth transaction, the first attractive offer that comes your way may be the one worth accepting. This way, you can sell the house as soon as possible and move forward to the next phase of your life.

Looking For A Top Maryland Real Estate Agent?

If you are looking to sell your Maryland home, connect with a local real estate agent who is familiar with Howard County and the surrounding areas. If you need help finding a top Maryland real estate agent to help with the sale of your home, we happen to know a good one; let’s connect.