What a splendid dilemma! You’ve received multiple offers on your property. Which one should you choose? It’s not always the highest one. It is normal to say we will take the one that is the highest, right? Here are just some of the areas Nick & Cindy Davis would ask you to pay particularly close attention to as you’re weighing the options
Multiple Offers how to decide which one
Do the math.
This goes beyond simply calculating the dollar difference between the various offer prices. Before you do that, be sure to do all the math. Subtract things like closing costs, fees and potential repairs to determine the net proceeds of each offer.
Consider the financing.
Can the buyer provide proof from the bank that there are funds to back the offer? Your agent can help verify this – and help you understand the terms of the buyer’s financing.
Motivation.
Do the buyers have a baby-sitting parent in the neighborhood? A new job just around the corner? Buyers with extra motivation to purchase your home are less likely to press for concessions and more likely to work harder to close the deal. Some buyers even include a personal letter with their offer to explain why they want the home. These letters can be particularly helpful in multiple-offer situations.
Timeline.
Note the closing date each offer proposes. You’ll want a closing date that best meets your needs. You can always counter a closing date, too, if the best offer doesn’t quite meet your timeline.
Weighing the pros and cons of each offer can be tricky. An experienced agent can help you clarify, calculate and secure the very best deal for you. Nick & Cindy Davis have proven track records when it comes to negotiating the best price for you. We will walk you through each of the multiple offers and show you what it really means to you. This way you can decide which one you will accept. If you are ready to sell your house or just have a question about real estate in general, we are always just a click here or call to 813-300-7116 away.
