Several reasons to accept your first offer is that if selling during the holidays at end of year when many buyers are not shopping. If price is within reason, you have to seriously take that in consideration rather than sitting on the market even longer. This is one thing you do not want to do and stand out like a sore thumb. May realtors and buyers key in and watch on how many days home sits on the market.
Provided your home has been on the market for three months many will think there is something wrong with the home and days on market ticks away really do not look good in buyers eyes. This can lead you into a low ball offer and be offended. You need to be priced just right for features and benefits of your home.
Cash offers generally come in lower than asking price and no contingencies. These buyer bank on you accepting offer because no red tape involved with banks. Your realtor needs to perform due diligence for you.
If you are going through a major event in life you may possibly want to consider closing this chapter and accept offer so that more stress wont be added to existing crisis.
Provided you have a solid buyer as per your realtor with reasonable and strong contract many realtors will advise you to accept the offer. Strong and solid buyers don't happen ten out of ten buyers.
On a home inheritance you have nothing to lose, accept the offer for a fair market price.
Provided you have already found a home or new construction home and have residual in bank to cover accept reasonable offer. You do not want two mortgages for a length of time. Accept offer, time is of essence. These are common tips on why to accept first offer.