Selling in the Austin area? Get a market analysis report
Purchasing in the Austin area? Get full MLS access
As a seller in Austin, multiple offer situations seem like a good thing, right? They can actually be difficult to navigate in some scenarios. Multiple factors come into play.
For starters, the highest offer is not always the best offer. We need to look at all the terms of the contract in the offer and how they’ll meet your needs as the seller. When accepting an offer, there are a lot of things to consider. Price is obviously one, as well as how much the buyer is going to put down, whether or not the property will appraise, and the closing time. We want to make sure it’s the best fit for you.
Cash offers are often better than a mortgage offer. Depending on how high the offer is, we may be concerned about the appraisal. With a cash offer, this might not be a consideration. It really depends on your unique situation.
A qualified professional like myself can help you select the best offer. We consider all the terms because ultimately, they need to meet your goals as a seller. We often get a lender involved to be sure that the selected buyer can close. It’s great to be in a multiple offer situation because you have choices, but you need to consider which offer is the best choice for you. In selecting that offer, we want to ultimately make sure it closes for you.
We’d love to be the experts to help you with any real estate questions. Reach out today!
