Well, as this 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’re 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.
Latest posts by TitleTap (see all)
- The 5 Topics Every Attorney’s Website Chatbot Should Include - August 30, 2019
- How This One Page on Your Website Can Generate Leads For Years to Come - August 12, 2019
- Do I Really Need a Website? 7 Reasons You Might Change Your Mind. - August 6, 2019