The Grime Team - Royal LePage RCR Realty, Brokerage

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Blog Entry

SELLERS – DEALING WITH MULTIPLE OFFERS

February 27, 2024 @ 12:00 AM

Hey, hey, Sellers. There is no better feeling when Selling, and I call up and let you know that we will be looking at multiple offers on your home. It’s the best situation to be in as a seller. Two or more buyers will compete for your home…which is great news. Now…, in dealing with multiple offers for many years…we have to consider a couple of things when looking at offers.

#1 Price: of course, you want the highest price with the least amount of conditions

#2 Conditions: a firm offer will be most attractive for any Seller.

#3 Closing: does it work for you?

#4 Deposit: this is important. A very good deposit shows a sign of good faith and the financial capability to submit a substantial deposit right away.

In representing Sellers, we look at all factors, as well as the trust we have in the buying agents. Do we have confidence that that buyer agent has fully qualified their buyer financially, and if they have a home to sell…will they close if their house hasn’t sold. The last thing we want is for a deal not to close as per the legal contract. Some people will throw spaghetti on the wall and hope it sticks.

So…when dealing with multiple offers, would you accept a lower price with a financing condition and a substantial deposit of say $100,000….or a dream price with no conditions, and a deposit of only $20,000. These are important things to consider, and the Grimeteam will offer you the best advice in looking at options with a fine tooth comb in these scenarios. We’re here to protect you, and these important decisions are always on the forefront of our minds.

Next up…buying rural real estate and everything you need to know.

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