You Have Multiple Offers
Woohoo! In a fast-moving real estate market with a low inventory of available homes for sale, it is likely that you, as a seller, will receive multiple offers to purchase your home simultaneously from several buyers. This is an ideal scenario for you to maximize the gain from the sale of your home. While it may seem like a simple matter of selecting the highest bid, the offer with the highest price may not always be your best option.
Weighing Pros & Cons
As with anything that involves decision making you must look at the pros and cons of each option in order to select the best option for a given situation. Understanding these pros and cons will help you decide which offer is best for your personal circumstances. The video below describes several scenarios involving multiple offers and makes suggestions on how to select the best option for your unique situation.
Examine All Offers Closely
It’s easy to overlook the fine print when presented with offers that are well above your list price. A thorough evaluation of all the details contained in your offers will ensure the best possible outcome in a multiple offer situation. Preparing a seller’s net estimate for each offer will allow you to compare the bottom line of each offer and is important when considering multiple offers when selling your home. The highest sale price will not always result in the most money to the seller.
Treat All Buyers With Honesty And Respect
Show appreciation for the offers buyers have made. Understand that a buyer will be disappointed that their offer was not accepted and be sympathetic. Offer to retain their offer as a back-up in the event the offer you did accept fails to close. Having a back up offer can save you from having to find another buyer and quickly get you back on track.
Additional Home Seller Tips And Information
The Ultimate Home Sellers Guide Selling a house is a fun and exciting process, but it can also be stressful and aggravating at times. Prepare yourself for the process of selling your home by learning what to expect and do ahead of time.
44 Money Making Tips For Preparing Your Home For Sale Looking for tips on preparing your home to sell? Here’s a quick and easy checklist
Thinking Of Selling Your Home?
If you are considering putting your home up for sale and feel you could benefit from professional representation please contact me. I can be reached by email at Info@nativesunrealty.com or by phone at (904) 994-0493. Together we will examine your situation and formulate a plan to get the best offer possible that gets you where you need to be when you need to be there
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