In this week’s video, we discuss how to navigate a multiple offer situation when selling your home. Getting multiple offers on your home is a great problem to have, but it can also be overwhelming. Here's how to choose the right offer and make the most of a competitive market.
When the market is hot, sellers often find themselves in the enviable position of receiving multiple offers.
While it's exciting, it can also be a bit stressful. How do you know which offers the best?
Spoiler… It's not always about the price. Start by looking at the full terms of each offer. Consider factors like the buyer's financing, contingencies, and proposed closing timeline. A cash offer with a fast close and fewer contingencies might be more appealing than a higher offer that comes with financing delays or appraisal risks.
Earnest money is another important detail to look for. A larger, earnest money deposit often signals a serious buyer who's less likely to back out. You'll also want to think about how flexible each buyer is, especially if you need extra time to move out or find your next home. Working with an experienced agent is key. During this process, they'll help you evaluate the offers strategically. At Zealty Home Advisors, we have a highly experienced team with many years of combined expertise in not real estate, but mortgage lending, insurance, and more!
Weigh the pros and cons, and even guide a counteroffer if needed. Your goal isn't just to accept an offer, it's to close the deal smoothly and confidently. A multiple offer situation can be a big win if handled correctly with the right strategy and support. You can choose the best path forward and maximize your sale.
Thinking about selling your home? Let's chat about how we can get you top dollar and the smoothest transaction possible. Reach out to us today at Zealty Home Advisors by phone or email. Our phone number is(515) 329-4667 and email is zelda@zealtynow.com.
