;

What is the right offer to select on your Halifax Home

Choosing the Right Offer


Congratulations, you have multiple offers on your home listing. It’s exciting to hear that you
have a choice in buyers.

Yet how can you make sure that you choose the right offer? With
varying sales prices and terms, comparing offers might be harder than you expected. Still – it’s
a great problem to have.


If you find yourself in a multiple offer situation, the first step is to meet with your agent to
discuss each offer in detail. What are the actual differences? It’s easy to see what price they
offer, but what about the other items – the terms, the financing, the contingencies.


* Sales Price – This is the easiest to compare. Start with the sales price and then check to
see if they are asking for extra concessions; these could include seller credits or paying
for closing costs.

* Terms – Determine when the buyer intends to close and when they want occupancy.

* Financing – Financing can vary dramatically and affect your decision in choosing a buyer.
For instance, a buyer who offers a slightly lower price but is going to put 50% down 
might be a better offer than someone using a FHA, 3.5% down loan which could be
harder to close.


* Contingencies – Most offers come with contingencies for items such as inspections,
appraisal, loan approval and more. An offer with less contingencies, or shorter time
frames to remove them, could be a better offer than others.


Working with your agent, consider all the elements which go into an offer; then you’ll be in the
best position to determine the best option for your financial goals, timeframes and needs.

More Articles

Getting Divorced and Need to Sell?

Getting Divorced and Need to Sell?

Divorce is never easy for anyone. Emotions are running high. Finances are in question. If you have a home, who gets it? I’ve had many ...

READ POST
6 Reasons Selling Without an Agent Is a Bad Idea in Halifax

6 Reasons Selling Without an Agent Is a Bad Idea in Halifax

Do-it-yourself projects are in vogue these days. From HGTV and Pinterest to Instagram, you can find advice online for everything from ...

READ POST
Should you get an appraisal prior to listing your Halifax Home?

Should you get an appraisal prior to listing your Halifax Home?

The most important thing on every seller’s mind is the listing price. No one wants to leave money on the table by pricing a home too ...

READ POST
Great Location

Copyright © 2022 Pike Group. All rights reserved. Designed by Zinda Web Agency.

"The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
MLS®, Multiple Listing Service®, REALTOR®, REALTORS®, and the associated logos are trademarks of The Canadian Real Estate Association.