This strategy will help you choose the best buyer in multiple-offer situations.
Buying a Jonesboro home? Get a Full Home Search
Selling your Jonesboro home? Get a Free Home Price Evaluation
What happens when you get multiple offers after listing your home? This is a question we’re receiving on a daily basis, and that’s because it’s such a common occurrence in today’s market. Here’s how we typically approach the situation.
First, we see which offer you like the most—for example, it might be above the asking price, it may be an all-cash offer (make sure to check for proof of funds), or it may have no contingencies. If it checks all your needs and wants, it’s probably a good offer to go with.
If you have multiple offers that are similar but have different contingencies or concessions, however, it can be difficult to figure out which one is best. Our solution is to go back to all of the buyers and let them know we’re making a decision the next day, so they should put in their highest and best offer by then. We explain what might help get the offer accepted, such as fewer contingencies, a higher purchase price, a longer closing date, etc. The agents will then get back to their buyers and figure out how they can improve their offers, which helps the seller get the best deal possible. Every seller is looking for something different, but these strategies can help you narrow down the options and hopefully make things a bit easier. If you have any questions or would like more information, feel free to reach out to us. We look forward to hearing from you soon.
"Every seller is looking for something different, but these strategies can help you narrow down the options and hopefully make things a bit easier."
If you have multiple offers that are similar but have different contingencies or concessions, however, it can be difficult to figure out which one is best. Our solution is to go back to all of the buyers and let them know we’re making a decision the next day, so they should put in their highest and best offer by then. We explain what might help get the offer accepted, such as fewer contingencies, a higher purchase price, a longer closing date, etc. The agents will then get back to their buyers and figure out how they can improve their offers, which helps the seller get the best deal possible. Every seller is looking for something different, but these strategies can help you narrow down the options and hopefully make things a bit easier. If you have any questions or would like more information, feel free to reach out to us. We look forward to hearing from you soon.
