Multiple offers, which one should you choose?Β π€·π½ββοΈ Did you know that just because you received an offer $20,000 over your asking price, that that doesnβt necessarily mean that it is the better offer than the one that was only $10,000 over your asking price. Believe me, I want you to pocket the most amount of money π΅ for your house too. I understand why you may be a little confused by what Iβm saying right now. I help sellers choose offers for very specific reasons and sometimes the offers they choose, didnβt have the highest price. Hi, Iβm Natasha Carroll with Natasha Carroll Realty and Iβll break down π πππ ππ π‘βπ πππ¦ π‘βππππ π‘π π‘βπππ ππππ’π‘ πππ ππππ π‘βππ‘ πππππ πππππ, when you find yourself reviewing multiple offers.Β
First on the list, the closing date π, does that date match up with your desired timeframe? Or will you be homeless for a few weeks while you wait for your next house to close? How important is that date to you? What type of financing does the buyer have? Are they offering cash π΅ or are they getting a loan? Did you know the type of loan needs to be taken into account based upon the conditions of your home, and other contributing factors? Certain loan types have stricter appraisal requirements than others. Imagine, if you found yourself in a situation where youβre now required to make a $10,000 repair, or replacement, or the buyer lender says, βNope, weβre not funding that loan.β Are they offering any additional down payment? If their appraisal value does not come in at the offer purchase price? In a hot π₯ market like this, everyone is offering over asking price these days to get a home. Does that mean that you will actually receive that price? Not if you potentially except the wrong offer, or you donβt counter out certain items in the contract.Β
How about inspectionΒ π contingency? Most buyers were wanting an inspection on their home before moving in. Truthfully, it is a great way to protect themselves from unforeseen circumstances. Letβs just use the scenario of receiving an offer that is $20,000 over asking, and the buyerβs requesting their inspection, but you have another offer on the table that is $10,000 above asking, but theyβre waving their inspection. Which means they are not having any inspections at all. Well, then thatβs something for you to think about and truly consider. Because on the home that is having an inspection, youβre open to possibly the inspector finding issues that you didnβt know of or aware of, and then you and the buyer would possibly have to reenter negotiations or worse, they can actually walk away from the deal.Β
Those are only a few things to think about when youβre reviewing multiple offers. Having an experienced agent like myself in your corner, to help you comb through the fine print detail of multiple contracts π, will stop your head from spinning number one, and we will get you the most money for your home with the strong confidence that we wonβt run into a time of issues that could cost you time, money, and energy later in your transaction. To find out some other reasons that the highest price offer may not always be the best choice for you when selling your Houston, Cypress or Katy Texas home, give us a call βοΈ. Hi, Iβm Natasha Carroll with Natasha Carroll Realty, and Iβm always here to help you have fun, be empowered and inform, and guide you every step of the way in the home selling process.
