We all know the effort that goes into preparing your home to be sold. In addition to the upkeep and maintenance, you need to work with an expert to make sure your home is priced properly. As your home begins to gain attention from buyers, it's important to know how to effectively evaluate each offer.
6 Ways to Secure the Best Offer:
1. Understand Your Options
When you receive an offer, you have three options: Accept it, reject it, or make a counter offer.
2. Set Priorities
What is most important to you? If you are trying to get your home sold quickly, you will need to be flexible on the price, and vice versa.
3. Establish a Process
Set a time frame for which buyers must submit offers. That way, you'll have time to market your home to as many potential buyers as possible and you'll have time to review each offer.
4. Remember, it's business.
Don't take offers too personally; at the end of the day this is a business transaction. If a potential buyer is turned off by an aspect of your home, look for opportunity to negotiate or simply move on.
5. Closely Review Each Offer
While you may receive several similar offers, there are bound to be subtle differences in the terms of each. Make sure have a complete understanding of the terms of each.
While it is important not to lose sight of your selling goals, there might be ways compromise to meet buyers' specific needs and close the deal. This is the process of negotiating.
This is a recap of an article by G.M. Filisko that originally appeared on HouseLogic.com.