When you’re selling your home and juggling multiple offers, is the highest offer always the best?
Not necessarily. There are a lot of other variables in play, including the terms of the loan, whether or not it’s a cash offer, some contingencies, and the length of the closing. You should consider four things before accepting a buyer’s offer:
- Their financing
- The length of the closing period
- The terms of the loan
- Any contingencies
Sometimes cash buyers are better than financed offers; however, cash buyers usually come in lower. A qualified professional can help you select the right offer by recognizing the strengths and weaknesses of each one.
If you have any questions about buying or selling real estate, feel free to give me a call or shoot me an email. I look forward to hearing from you.