How Do I Evaluate An Offer?

 

As this story shows, there’s more to an offer than the price tag. Factors you should consider:

  • Is this offer at, near, or above my asking price?
  • Are there clauses and additions in their offer that change the terms and final price substantially?
  • How long since I had another offer, or expect another offer? Can I wait?

Remember every month you’re still paying mortgage, taxes, and insurance. Even if you have several offers… remember that an offer isn’t a completed sale.

Compare the risk and likelihood of a completed sale for each buyer, including things like “contingencies”, where your sale depends on their sale. and whether they’re pre-approved for the offer they’re making.

Remember you have three options for an offer – accept it, reject it, or prepare a counter-offer that improves the terms for you in some way.

CARING ABOUT THE COMMUNITY. FIRST.