Competition for homes is high in hot markets. When you are a seller faced with multiple offers on your home, how do you choose the best one? Your real estate agent can help you compare and contrast the terms of each proposal.
Look at the price of each offer and evaluate your net profit. Next, consider the terms of each contract. How "clean" is each offer? Are there contingencies that affect the sale, such as the buyers needing to sell another property before they can finalize the purchase of your home? Can you work out a mutually agreeable date for you to move out and for the buyers to move in? Can you get reasonable assurances that the buyers will be able to qualify for the financing they will need?
Your real estate agent can help you weigh the relative merits of each offer, so that you can accept--or counter--the best one, and line up another as an alternative.
Scott Gerami
Broker/Owner
Real Time Realty
630-357-4800
Naperhome.com Move2geneva.com Move2Naperville.com
Enthusiastically,
Scott Gerami
Managing Broker-ABR,GRI,e-Pro,CSC,IMSD
License # 475.099012
Re/Max Professionals Select
2272 West 95th Street Suite 200
Naperville, Illinois 60564
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Scott, When I had truly qualified buyers it was actually fun competing in a hot market. You are right make sure that the seller knows just how qualified you are. Put it in your offer I'd give you war stories but this is not the place for it. I was able to get the majority of my offers accepted over the competition and higher prices by writing a cover letter explaining my buyers qualifications ( with obtainable references ) and ther motivation for this home.
Great Blog.....