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Why The Highest Offer Isn’t Always The Best

You are ecstatic because you have received seven offers on your home, many of them over the asking price. Your initial reaction is to choose the highest, but wait. The highest offer isn’t always the best one. You should scrutinize every bid before you make this important decision.

For example, if you receive an offer well above the asking price but the buyer has only a 5 percent down payment, this could become a problem if the bank does not appraise your home at the proposed purchase price. If the buyer can’t put more money down to bridge the difference between the offer and the appraised value, the deal could fall apart or have to be renegotiated — at a lower price. A slightly lower offer with a bigger down payment could be more appealing.

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What Steps Are Involved In Selling A Home?

STEPS TO SELLING A HOME

A great question that many homeowners, considering selling their home, want to know; what steps are involved in selling a home? Knowing the home selling process is half the battle when selling a home; the other half of the battle I’ll save for another article. And knowing what steps are involved in a selling a home, will allow you to prepare both physically and mentally as it can be both physically and mentally exhausting.  From getting your home ready to sell & move, to dealing with the emotional side of leaving your home along with all of the memories that may open the floodgate, selling a home can truly be draining.  Again, a very common question from homeowners considering selling their home. So just what are the steps in selling a home?

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The Benefits of Listing with an Agent

The anticipation of starting a new journey with your family is nothing short of exciting.  You’ve decided to sell your home, start fresh, and maybe in the process make a profit from the blood, sweat, and tears you’ve poured into your wonderful living space.  Of course, this all sounds like a good plan, and in all honesty who wouldn’t want to earn a profit on the sale of their home?  It’s no secret that putting as much money as possible back into your pocket is your number one priority.  Money talks, right?

Selling a home can be time-consuming, frustrating, emotional, and confusing.  Going at it alone may seem like a good idea at first.  For one thing, you cut out the standard 6% commission you would be normally dishing out to the agents who get involved in the sale of your home.  But, is cutting out the professional really the best way to get the most out of your home?

Let me argue the case of the real estate professional.  There are many tools that an agent has at their disposal to help get your home sold and at the highest price.

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