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How to Choose the Best Offer on Your Home

October , 6 2020
Selling Property

1. Compare the list of wants- One of the major factors that you need to take into account for choosing the best offer on your home is making sure you compare the demands of the potential buyers. Sometimes, the highest bidder might demand something that might sound unreasonable to you. Furthermore, don’t be under any pressure to give in to such demands if you are not comfortable with it. 2. Whether the buyer toured the property or not- Let’s face it, the last thing you need is a home buyer making an offer and trying to back out once they see your house in person for the first time. Furthermore, if you have two offers and they are nearly identical, but one home buyer has toured the property and the other hasn’t, it might be best to choose the offer from the buyer that has seen the house. Furthermore, before having your heart set on a particular buyer, it’s a good idea to make sure that they are preapproved for a mortgage from a trustworthy lender. Furthermore, for you, the fewer contingencies and the shorter the time period the better. 5. Factor in the timing and interest- Another major factor that you need to take into account for choosing the best offer on your home is making sure that the terms align with your timeline. Ideally, you want to get to the closing stage as quickly as possible, so a home buyer willing to close in a few weeks may be more attractive than a buyer who wants to wait a couple of months until their lease is over. Along with timing, make sure you are selling to a highly motivated home buyer. Furthermore, a home buyer with family in the area, a new job or interest in the school district may be more attractive than a buyer with a higher price but little interest in the house or the area. While these were some of the tips and tricks for choosing the best offer on your home, there are many others, such as size of the deposit, flexibility of the buyer among many others.

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