Evaluating Offers
Your house is on the market and the offers are coming in. What should you look for? Which should you consider? Your Realtor® will help you evaluate offers to ensure that your best interests are protected.
Tips for Evaluating Offers
The highest price may not always be the "best" offer. Why? Anyone can submit an offer, so you'll want to make sure that the buyers are qualified to pay the price they're offering. Your Realtor® can handle this for you.
Additionally, you'll want to look at the terms of the offer as well as any proposed contingencies. For example, a buyer may offer you a higher price than another buyer, but does the higher bidder want to sell her/his house first? In this instance, it may be more advantageous to accept a lower offer from a buyer who is ready to complete the transaction immediately.
You'll also want to consider the following: Where does the offer fall in relation to the price you're asking? Has the buyer accepted your asking price and then buried thousands of dollars in discounts and seller costs within clauses and contract additions? Will the buyer close on or near to the date you'd like?
