After receiving an offer, there are typically three different scenarios.

1. You accept the offer presented and your house is now sold.
2. You counter offer with changes (usually to price, conditions, move in date, etc) and the buyer can accept, counter or walk away from the deal.
3. You reject the deal, where you are flat out saying no. This doesn’t usually happen and the potential buyers can enter another offer, only if they choose to.

An Exclusive Buyer Representation Agreement is a contract that states you agree to work exclusively with one real estate agent for a period of time. When signing it, you are under no obligation to actually purchase a property. The Exclusive Buyer Representation Agreement outlines services that you will receive and expectations of yourself and the realtor.

Before you put your home up for sale, ensure that your house is in its best shape. This might mean doing little repairs around the home, decluttering, painting rooms, small renovations or doing touch ups. Ensure that you make the best first impression to a potential buyer.

You may think that it would be more beneficial to put your property up for sale in the Spring or Fall real estate market times, as there could be more buyers looking for potential homes. However not all years have the same buyers and seller’s market. The decision depends on your timeline. Talking to your realtor can help you decide what might be best for your timelines.

There is no correct answer for this. You’ll need to decide what is best for you as there are pros and cons to each scenario. Talk to your realtor and they will help guide you in making the right direction for your situation.