When selling your Markham home, you want the best deal possible for your property. However, if you receive multiple offers on your house, choosing the best can certainly be a challenge. There are many things you will want to consider before you choose just any deal. If you have received multiple offers on your home, here are a few tips to help you through this overwhelming process.
Look at the Asking Price
One of the first things your eyes will be drawn to is the asking price of your home. If the market is hot and buyers know your home is in demand, they may offer you full price or even above it. While this can certainly be tempting, it shouldn’t be the only reason you accept an offer.
Additionally, you will want to look at the deposit being offered as well as how the buyer will be paying for the home. If it is a cash offer, it is less likely that the sale will fall through due to financing and the larger the deposit the buyer is willing to put down, the more serious he or she is to purchase the home.
Consider All Conditions
Many offers will include various conditions. These are terms set within the offer that state why the buyer may back out of the sale. While these can certainly vary, a few common conditions that you may see in your offers include:
- The seller must make certain repairs to the home or complete all agreed-upon repairs from the inspection report
- The financing on the home must go through according to plan
- The buyer must sell their current home. This is one of the less common conditions you will see.
Don’t Forget About Convenience
In many cases, money isn’t the most important factor when you wish to sell your home. For example, if you need a closing date that is several months away and you have a buyer who is willing to accept that, it may be in your best interest to consider that offer. Or, if your buyer wants to make all repairs and potential upgrades on their own, this can save you money upfront, as well as time and energy. Look carefully at the offers and which one will work best for you and your family’s needs.
When you receive multiple offers on your Markham home, it can be an exciting time, but it can also be overwhelming. By keeping the above items in mind, you’ll be able to make the best choice possible.
If you are ready to sell your Markham home, contact real estate agent Martin MacFarlane. He can help you every step of the way to a smooth and satisfying home sale.