In areas throughout the country and especially in Southwest Florida, real estate is enjoying solid increases in value. And because homes are still affordable in our area, we’re seeing homes buyers receive multiple offers at a time. For my clients, our team helps them sort through the offers and to choose what’s best for their real estate goals.
But I wanted to share a few of our tips with you here today. This way, if you’re selling your home, in Southwest Florida or beyond, you’ll have some of the best advice for choosing an offer when you get more than one.
You don’t have to choose the highest offer
When I tell some clients this fact, they’re very surprised. After all, we’re often taught that money is the highest priority in a transaction. However, you also have to consider your other goals in the process and balance them against each other.
Review the buyer’s closing dates
If you’re selling your home, but also buying another one yourself, you may be on a very tight schedule. What this means is that your buyer’s closing dates can affect your own situation. Consider how each offer factors into your timeline.
You also want to check the contingencies
In addition, buyer contingencies can greatly impact a real estate deal. In fact, your buyer could even call off the entire deal up until right before signing! Financing contingencies are just one example, but there’s also factors that include your buyer selling their home to proceed with your deal.
Factor in your home’s appraisal
I’ve seen it in the past where a buyer makes a strong offer… and when the appraiser comes in to assess the property, they value it at less than the offer. It’s one reason that pricing your home is so important in any market. But this is one area that we’ll pay special attention to when we sell your Southwest Florida real estate.
Consider if your buyer is local or out-of-state
While this one may not be a deal breaker, it can help give you additional insight on your buyer’s timeline. For example, a local buyer may be able to act more quickly if obstacles arise in the home inspection or a similar part of the process.
You don’t want to forget about buyer extras
Finally, every buyer has their own unique goals. And because of those goals, they may add in extras to their offer. This can include, for example, having the seller cover closing costs. As you can see, going with the highest dollar amount isn’t always the best choice for every seller.
But let’s talk about your options when it comes to selling your home in Southwest Florida! Send me an email, so we can take a look at what’s best for you and your financial goals!
Terry Records
Broker/Owner
Records Results Real Estate
Residential Sales and Property Management Service