Selling your house can bring in a bunch of tempting offers that make your head spin. Most folks think grabbing the highest bid is the way to go, right? But sometimes, the biggest price isn’t the best deal when you dive deeper. I once saw a friend take a lower offer that closed faster and saved thousands in fees and headaches. Here’s a little secret: the most cash doesn’t always mean the smoothest sale. If you want to learn why some deals shine brighter than others and how to spot them, stick around—your wallet will thank you.
Not always. Sellers may choose to accept one of the offers, counter back one of the offers, reject all of the offers or ask to have some or all of the offers re-submitted. Deciding on the right offer is more complex than saying yes to the highest bidder. You have to hedge against various risks, like a buyer with shaky financing. There are many considerations when dealing with which offer is best for you. Review the contingencies, think about the ideal dates, if it’s a cash offer, and know who is buying your property. It is always in your best interest to take a back up offer in case the first offer collapses.
Decide what is best for you based on your personal situation and needs. Your agent can determine whether the offer at hand satisfies those goals.
Kim Lee PREC*
Oakwyn Realty Downtown Ltd.
P: 778-997-8938
E: hello@kimlee.ca
