When to Say “Yes” to an Offer
Love Selling Your Home – Week 6: Welcome back to week six of our “Love Selling Your Home” series. Today, we’re diving into the tricky question: how do you know which offer to accept when selling your home? Spoiler alert: it’s not always about the highest price!
Know What You Want Most
First, decide your deal breakers before you list your home. Do you need a quick closing because you’ve already bought your dream house? Or is the highest price more important, even if it means dealing with contingencies? Knowing this upfront will help you swiftly eliminate offers that don’t fit the bill.
Don’t Be Swayed by Price Alone
Sure, a high price is tempting, but let’s dive deeper:
- Higher Down Payments: Less financing or all cash means fewer hiccups.
- Loan Types: Conventional loans often close faster than FHA loans.
- Earnest Money: A higher deposit shows the buyer is serious.
- Waived Contingencies: No strings attached can be a big win, even at a lower price.
- Financial Statements: Go beyond the lender letter to see their true financial health.
Play Nice
Don’t be a hardnosed seller. Transparency and fairness during negotiations are crucial. Buyers can walk away if you seem difficult or keep changing things. Disclose the same info to everyone and stick to deadlines. Remember, you still need to work with the buyer until the deal is done.
To Read or Not to Read Love Letters
Love letters from buyers can tug at your heartstrings, but they complicate things. While they can make your decision easier or harder, they might also lead to fair housing issues. I recommend avoiding them to keep the process clean and straightforward.
Making the Right Decision
Choosing the right offer takes finesse. It’s not just about the money but also the terms in the contract. Don’t worry, I’ll help you weigh the pros and cons of each offer and guide you to the best decision for your situation.
If you’re ready to get the ball rolling on your home sale, let’s meet up! You can schedule your free consultation here.
