“We have multiple offers for you.” We love telling our clients this exciting news. With the current North Atlanta Real Estate market being a seller’s market, we’ve been fortunate to deliver this news multiple times over the past few months.
Here’s what’s critically important… an offer isn’t ALWAYS about the dollar figure, as comforting and exciting as high dollar offers can be.
What other factors might help determine what your “best offer” looks like?
The Cueny Team is highly experienced at helping unpack the offer or offers. They possess the wherewithal to help you see the pluses and minuses of offers because, as mentioned earlier, it’s not always all about price. A top dollar offer might not look as good when the “fine print” contingency about you vacating four weeks prior to your planned move-out date is discovered. On the other hand, you may prefer speed over price if you are required to start a new job, in a new town ASAP.
You’ve made the decision to sell and gone through the time-consuming process of preparing your home for market. The Cueny Team are there to help you determine the most strategic asking price, address in staging needs, professionally photograph and video your home, and then professionally and market it. Hopefully, Andrea and her team will get to deliver those exciting words… “We have multiple offers for you.” The point is to remain levelheaded and calm and understand ALL aspects of the offers, and in the case of more than one, compare them carefully.
5 Important Other Things to Consider When Evaluating an Offer
While getting top dollar is on everybody’s checklist, there are a handful of other considerations that are worthwhile. Again, the first instinct for many is to pick the highest bid on the table. Some other things to consider are:
1. amount of the earnest money deposit
2. any contingencies
3. down payment amount available
4. proposed closing date
5. whether an “all-cash” offer may be on your table
Tap into The Cueny Team’s expertise, and experience. They will quickly uncover all your desires, and needs (both financial, and personal) to ably assist you in determining whether the offer at hand satisfies all your goals, or which among multiple offers will serve you best…
Check back for Part Two of this blog, as we delve more deeply into the most common contingencies that are tacked onto offers, and that you should evaluate carefully before accepting.