video: How Do I Evaluate An Offer?

 

Well, as this Fast Forward story shows, there's more to an offer than the price tag.


Factors you should consider:  Is this offer at, near or above my asking price? Are there clauses and additions in their offer that change the terms and final price substantially? How long since I had another offer, or expect another offer? Can I wait?  Remember every month you are probably still paying mortgage, taxes and insurance.


If you have several offers...
remember that an offer isn't a completed sale.
Compare the risk and likelihood of a completed sale for each buyer including things like contingencies, where your sale depends on their sale.
and whether they're pre-approved for the offer they're making.


Remember you have three options for an offer - accept it reject it or prepare a counter-offer that improves the terms for you in some way.

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