How Home Sellers Should Handle Multiple Offer Situations

How should you deal with multiple offers as a seller? This is what we recommend. Selling in the Austin area? Get a market analysis report Purchasing in the Austin area? Get full MLS access Today we are going to talk about multiple offer situations and how you should handle them as a home seller. A multiple offer situation simply means that your home is in demand and there is more than one person out there who seriously wants to buy it. When you have a multiple offer situation, is the highest offer always the best? Not necessarily. While you want to get the highest price possible, you want to make sure that the sale will close too. Is the buyer paying cash, or do they have a loan? Are we worried about the appraisal? When do they want to close? There are a number of different questions to consider and the highest priced offer may not always be the best. "A cash offer is great, but it is not always the best option" How do you select the right offer? Cash is always great because you don’t have to worry about the appraisal or a loan being underwritten. However, cash offers may not be in your best interest if the buyer is trying to lowball you. If a buyer with financing offers more money with a solid loan, that could be a better option. A qualified professional can really help you out in a situation like this. My team and I deal with multiple offer situations all the time, and we always make sure that we are dealing with offers that are going to get your home sold. Anybody can write an offer, but it is our job to make sure that we choose the right offer with the right price and the right terms to get your home sold as quickly as possible and meet your needs. If you’re looking to sell your home and have any questions about multiple offer situations, please feel free to give me a call or send me an email. I look forward to hearing from you soon.

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How Home Sellers Should Handle Multiple Offer Situations is an episode from Austin Texas Real Estate Podcast by Jennifer Smith.

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This episode was published on Aug 1, 2018.

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