Prudential Steamboat Realty

When you are faced with multiple offers on your home, how do you choose the right one? If you are forthright with your real estate agent about your objectives, he or she will be equipped to help you compare and contrast the terms of each proposal. more>

First, there is price. Be sure to factor in closing costs, inspections and repairs, property taxes, and any other terms that might reduce your net profit. Can you work out a mutually agreeable date for you to move out and for the buyers to move in? How “clean” is each offer? Do the buyers have another property to sell before they can purchase yours? Can you get reasonable assurances that the buyers will be able to qualify for the financing they will need? Have the buyers reserved themselves too many ways and too much time to back out of the deal? Is the earnest money deposit appropriate for the purchase price?

Your agent can help out weigh the relative merits of each offer, so that you can accept-or counter-the best one, and line up another as an alternative.

For professional advice on all aspects of buying or selling real estate talk to Harry Thompson at Prudential Steamboat Realty at 970–879-8100, or 800–430-4121, or visit our website at http://www.prudentialsteamboatrealty.com/.

Evaluating the Competing Offers

When you are faced with multiple offers on your home, how do you choose the right one? If you are forthright with your real estate agent about your objectives, he or she will be equipped to help you compare and contrast the terms of each proposal.

First, there is price. Be sure to factor in closing costs, inspections and repairs, property taxes, and any other terms that might reduce your net profit. Can you work out a mutually agreeable date for you to move out and for the buyers to move in? How “clean” is each offer? Do the buyers have another property to sell before they can purchase yours? Can you get reasonable assurances that the buyers will be able to qualify for the financing they will need? Have the buyers reserved themselves too many ways and too much time to back out of the deal? Is the earnest money deposit appropriate for the purchase price?

Your agent can help out weigh the relative merits of each offer, so that you can accept-or counter-the best one, and line up another as an alternative.

For professional advice on all aspects of buying or selling real estate talk to Harry Thompson at Prudential Steamboat Realty at 970–879-8100, or 800–430-4121, or visit our website at http://www.prudentialsteamboatrealty.com/.