Tips to Help You Pick the Top Offer
by: Jeff Quintin, on June 7, 2021 - faq Home Seller Tips Ocean City Real Estate Sellers in Jersey
Here’s how to choose the right offer in a multiple-offer situation.
Most homes that hit the market for sale are quickly receiving multiple offers after they’re listed. As a seller, how would you know the best offer to pick?
As Realtors, we walk through each individual agreement of sale and assess the pros and cons. We’ll look at things like price, which often is the main factor sellers consider, as well as terms, such as how quickly the buyer wants to close, how much their deposit is, and whether they’ve removed all of their contingencies.
We look at price, terms, closing dates, financing, and more.
For example, suppose you had two offers on your home, one with 50% down and one with 25%. The one with 50% has a much greater shot at getting approved, making it the better choice. If one offer has no home inspection and the other one does, the one without is a much cleaner deal. If an offer comes with cash, that’s great, but there are some buyers who are getting a mortgage and removing the mortgage contingency, making the offer look like cash—this is something else you’ll want to check for.
There are so many things to consider when it comes to an offer, and that’s why you need to hire an experienced real estate agent like one from the Quintin Group. Don’t hesitate to reach out to us! We’ll gladly help you navigate multiple-offer situations so that you ultimately get the best deal possible.