How to Choose the Right Home Offer When You’re Selling

When you sell your home in North Florida, whether it’s in Lake City or elsewhere, you may be fortunate enough to get multiple offers. If that happens, though, how do you choose the right one? Do you simply pick the highest offer, or are there other factors to explore? This guide explains.

Choosing Between Offers on Your Home

Naturally, if you only get one offer – and you’re pretty sure that you won’t receive any more – it’s probably safe to go ahead and accept it. Your real estate agent will tell you as much.

But if you’re fortunate enough to receive two, three, four or more offers, you may have a tough time deciding between them; for some people the winning offer isn’t just about the money.

Here are a few things – aside from cold, hard cash – that some sellers are interested in:

Contingencies the buyer is willing to waive
The type of financing the buyer is using (or if they’re using financing at all)
When the buyer wants to close

Here’s a closer look at each.

Contingencies the Buyer is Willing to Waive

Contingencies are conditions that must be met before the sale can close. For example, some buyers will request an inspection contingency; if their home inspector finds any serious problems with the property, they have the right to back out of the deal and get their earnest money deposit returned.

If a buyer is willing to waive certain contingencies – such as appraisal or inspection – it can be a big plus.

The Type of Financing the Buyer is Using

Another factor some sellers consider is the type of financing the buyer is using. Some buyers may try to use FHA or VA loans, which could require you to make certain repairs if they don’t pass inspection. This can add time and delays to your closing.

Conversely, some buyers may be paying in cash – which is great news for a home seller, since it speeds up the closing process and there’s less risk of the deal falling through.

When the Buyer Wants to Close

Finally, you may also want to consider when a buyer wants to close on your property. If there are multiple offers, some buyers may be more willing to close in a shorter amount of time – which could be attractive if you’re looking to move quickly.

Ultimately, deciding between offers on your home is an entirely personal decision; what’s important to one seller may not be important to another. As always, it’s best to consult your real estate agent before you make a choice.

Are You Buying a Home or Land for Sale in Lake City?

If you’re moving to Lake City, we can help you find the perfect place to live. Call us at 386-243-0124 to tell us what you want from your home and we will begin searching right away.

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