Every Home Seller Will Likely Prioritize Differently When Comparing Multiple Offers


Every Home Seller Will Likely Prioritize Differently When Comparing Multiple Offers
By Scott Rogers • May 14, 2024
It's tough to be a would-be home buyer making an offer in a multiple offer scenario... [1] You don't know what offer terms other buyers are including in their offers. AND [2] You don't know how the seller will prioritize differing offer terms. For example... [1] Some sellers will focus mainly or only on price -- they will likely go with the offer with the highest offered price. [2] Some sellers will lean most heavily towards cash buyers, followed by buyers with the largest down payments, even if this is not the highest offer. [3] Some sellers will opt for an offer without a home inspection contingency, even if that is not the offer with the highest offer price or with the smallest loan [4] Some sellers will focus mainly on the timing of the closing and/or whether the buyer is offering to let them stay in the house after closing. AND [5] Almost all sellers will consider ALL of these factors but will consider some of the offer terms more heavily than others. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
Comments (0) or Subscribe