“Love at First Sight?” Probably Not
Is there such a thing as a “too-fast offer,” especially in a Buyer’s market where lots of homes are sitting?
The short answer: actually, yes.
Most Buyers seriously contemplating a home will go through at least twice, just to double-check their first impressions, see it with fresh eyes (vs. 5th on a list of 8 showings), etc.
If they are contemplating major work, a 3rd visit, accompanied by contractors, may even be in order.
So what does it mean when you get word that an offer is coming in barely hours after a first showing?
It could mean that it was “love at first sight,” and the Buyer knows all they need to know to make an offer, then and there.
Or . . . . the prospective Buyer is looking a for a deal. A very good deal.
In my experience, such Buyers don’t invest much, emotionally or time-wise, in the properties they’re scouting because it’s all about the price.
If one Seller rebuffs them, they just move on to the next. And the next, and the next. . .