What is a common reason for a seller to accept a lower offer?

A seller may choose to accept a lower offer primarily out of a need for a quick sale or due to financial distress. Circumstances such as an urgent need to relocate, mounting financial pressures, or the desire to avoid costly holding costs (like maintenance, property taxes, or mortgage payments) can drive a seller to prioritize a quick transaction over obtaining the highest possible price. In such situations, the seller may recognize that the lower offer provides a swift resolution to their financial needs or personal circumstances, making it more appealing than waiting for a potentially better offer that may or may not materialize.

In contrast to this, other aspects such as a desire for a larger investment or inexperience in transactions do not directly compel a seller to lower their price in the same immediate and pressing way that financial need does. Additionally, the idea of preventing property appreciation does not typically motivate a seller; usually, sellers benefit from the appreciation of their property's value.