A decision checklist when buyers are paying close to asking
You're trying to decide if the first offer is the right offer or if waiting will actually improve your outcome. In West Hills, CA, I would judge that first offer against one reality recent buyers have been closing near asking, so terms and certainty can matter as much as price. Certainty counts.
Recent negotiations have been tight buyers paid about 98.4% of asking last month, and a typical sale took 41 days last month. A typical sold price last month was $1,035,000. This changes your plan because the first offer is not just a number. Some metrics were not reported for this period. When closings are near asking, I weigh the strength of the buyer's ability to close and the simplicity of the terms heavily, because a deal that falls apart costs time and usually costs pricing power. When the first offer comes in, compare it to the recent close-to-ask reality in West Hills, CA if it is already near that 98.4% level, focus your counter on the terms that protect your net and your timeline. Tighten the contract calendar immediately so the deal does not drift, since a typical transaction took 41 days last month. If the offer is meaningfully below your plan, do not reject emotionally counter with a clear price-and-terms package that signals you are serious, and set a short response window so you keep control of momentum.
About Faye Daroeian
Faye Daroeian is a licensed Real Estate Professional affiliated with RE/MAX One, specializing in the West Hills market. With a focus on strategic marketing and deep local knowledge, Faye Daroeian provides clients with expert guidance in navigating complex real estate transactions. View full profile →
