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Should You Accept the First Offer? Michael Tomadakis on Deal Psychology

September 21, 2026

Many sellers struggle when the first offer comes in—should you accept or wait for more? Michael Tomadakis’s experience says you should weigh three things: quality of the buyer, how long you have been on market, and all other available evidence. Sometimes the first offer is the best, especially if it comes from genuine, engaged buyers aligned with market feedback. Rejecting a strong early offer can risk missing peak buyer urgency, particularly in the inner-north’s dynamic market. Michael’s rule: evaluate the offer based on genuine comparables and buyer condition, not just the order it arrives.

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