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Thanks for joining us again everyone. Today's topic is negotiation in a multiple offer situation, from a seller's perspective.
You've probably heard the definition before, but when you have multiple offers on your home, it means you have more than one buyer who is willing to submit an offer to purchase your home. When you get more than one offer, you need to look at different criteria to determine if it's the best move for you. What should you look at?
Well, the price is important, but not the only thing you should pay attention to. In addition to having a reasonable price, you should also make sure your buyer is pre-qualified to buy the home. Another thing to consider is the type of financing they are considering. A cash offer is a lot stronger than a loan offer, because a loan can always be denied. It's a calculated risk, accepting this kind of offer.
Finally, look at the proposed closing date. If it aligns with when you want to be out of the home, it's a good offer. When all of these factors play together, the best offer will present itself, and you'll be able to choose it.
If you have any questions for us at all, feel free to give us a call or send a quick email. We would love to help out!
