Is The Highest Offer The Right Bid to Accept?

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MINT HILL, NC – When you’re selling your home and you get multiple bids, you might think taking the highest offer is the best option. However, the highest offer isn’t always the best choice for you. There are other things to consider.

While the housing market has shown some signs of slowing down, there is still a ton of competition out there. Let’s look at what you should consider if you’re selling your home and you receive multiple offers.

Things to Consider When Selling Your Home & Receiving Multiple Bids

1. Price

Of course, you want to consider the price, but this should never be the only factor you consider. Sometimes, the highest offer is the right option, but other times, it’s not. Look at the price when deciding between multiple offers, but don’t let it be the only factor.

2. Consider the Financing

Is the buyer paying all cash or do they need a mortgage? What is the size of the down payment? These are important things to consider as an all-cash offer might close faster and be more secure than an offer with financing. Speak with your real estate agent bout the offers to figure out which is right for you.

3. Consider the Contingencies

An offer with a waived home inspection, but a lower price, might be more appealing for you. Sometimes, buyers have contingencies you don’t want to deal with. Make sure you consider the contingencies when looking at the offers.

4. Look at the Offers Objectively

Many buyers will write you a letter and tell you about them. While this might sway you in some circumstances, try to look at the offers objectively. Which one fits best for you?

5. Have a Deadline

You might be waiting for the perfect offer, but you need to have a deadline. If you’re receiving multiple offers, make sure you have a deadline for responding to these offers. Don’t take your time or the offer could be taken off the table if the buyer finds another property.

There are many things to consider when you get multiple offers on your home for sale in Mint Hill. You want to look at more than just the price of the offer. Make sure you consider the full offer and go over each offer with your real estate agent before making your final decision.

I would love to be part of your journey when the time is right for you. If you ever have a real estate question or need, or know someone who does, trust that you can turn to me.  I will help you make the right move! Anna Granger (704) 650-5707 | |

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