As the market continues to improve and become more and more of a seller’s market, we are seeing a lot more multiple offer situations pop up for home sellers. This is a great situation for them because it allows them to sit back and watch while hungry buyers compete for their home. There are a number of different ways to handle this situation, but here is our advice:
Once you’ve received multiple offers, you should go back and ask all the parties for their highest and best offer. Once you have that highest and best offer, you can either counter one of them, or accept one and move on. The key here is to make sure you’re operating with an ethical real estate agent and everyone who wants to is given a fair opportunity to make a bid.
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This is a great situation for sellers.
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It’s important to remember that just because an offer has the highest price doesn’t mean it’s the best one. You’ve got to consider things like whether they are paying in cash or with financing, as well as what the closing and due diligence dates are.
If you’re thinking about selling your home in Wilmington, we would love to chat with you. Give us a call or send us an email if you have any questions. We look forward to hearing from you.
