How to deal with multiple offers as a seller
Hey everyone, today I wanted to talk to you about something that a lot of our sellers have been dealing with: multiple offers. In a busy spring market like ours, you need to know how to sift through all the offers on your home to figure out which buyer is best to buy your home. You want the most seamless transaction, netting you the most amount of money possible, with the terms we are looking for.
Currently, we are seeing two or three multiple offer situations with our sellers every week. When this happens, we really have to filter through the offers and figure out two things: the highest net to the seller, and what will appraise. You don't want to have all of these buyers putting in offers and just accept the highest offer, even if it's not realistic. You want to make sure you are working with an agent who can tell you whether the offer is in a range that it can appraise at.
From there, once you are able to determine the best net, you can start to look at things like contingencies the buyer will release like various home inspections, then we know we have the highest and best offer for you in all terms, not just price.
If you have any questions for us or are looking to buy, sell, or invest in real estate in Omaha, give us a call or send us an email. We look forward to hearing from you!