These are my best tips for handling multiple-offer situations as a seller.
If you’re selling your home in this market, you’re likely to receive multiple offers from interested buyers. Here are some of my top tips for handling them:
1. Review each offer in detail with your agent. Have them explain both the price and terms.
2. Make sure the buyer has a pre-approval or proof-of-funds letter.
3. Contact the buyer’s lender. Double-check that they ran your credit and verified your finances.
4. Rank the offers. Rank them based on their price and terms, and separate any cash offers. Cash offers should take priority in this market. Let’s face it, cash is king, and cash offers typically have few to no contingencies. A financed offer could take 30 to 45 days just to close.
Negotiating a purchase agreement is a delicate process. You need an experienced real estate professional in your corner who can guide you through the process to have success.
If you have any real estate-related questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.