Once the offer is presented to you, you have three options: accept the offer, reject it, or counter offer. When deciding which option is best, it’s important to consider the following:

How close is the offer to the asking price? Some homebuyers will make a low-ball offer in the hopes of getting a great deal, or with some wiggle room for negotiating. Other offers may come in over asking price, to tip the scales in their favour.

Has the buyer asked you to make any repairs? If your home needs some work, consider making the repairs prior to listing or accept a lower offer and sell the home "as is." Ask your agent about the return on your investment, if you're considering doing any updates or upgrades yourself.

Does the closing date fit with your schedule? You may have already purchased your next home, so your flexibility will be limited. On the flip-side, if your prospective buyer has already sold their home, they're likely hoping to align their purchase with that date. This could definitely be a bargaining tool.

Are there any other offers? You may have already purchased your next home, so your flexibility will be limited. On the flip-side, if your prospective buyer has already sold their home, they're likely hoping to align their purchase with that date. This could definitely be a bargaining tool.