Wednesday, August 16, 2023 / by Sherry Platt-Huang
HOME BUYER MYTH - THE HIGHEST OFFER ALWAYS WINS
When it comes to selling a home, it's commonly believed that the highest offer always comes out on top. But that's not always the case. Here are three scenarios where the highest offer may not be the winning one:
1. Cash is king: A seller will often prioritize an all-cash offer because it eliminates financing risks and instills confidence.
2. Speed matters: If you can close the deal quickly, it can give you an edge, particularly if the seller has a tight timeline.
3. No contingencies: Offers without any contingencies, such as inspection or appraisal contingencies, can be highly appealing to sellers as they minimize potential complications and delays.
Remember, while offering a competitive price is essential, it's crucial to consider other factors that may influence a seller's decision. Each seller has their own unique priorities.
1. Cash is king: A seller will often prioritize an all-cash offer because it eliminates financing risks and instills confidence.
2. Speed matters: If you can close the deal quickly, it can give you an edge, particularly if the seller has a tight timeline.
3. No contingencies: Offers without any contingencies, such as inspection or appraisal contingencies, can be highly appealing to sellers as they minimize potential complications and delays.
Remember, while offering a competitive price is essential, it's crucial to consider other factors that may influence a seller's decision. Each seller has their own unique priorities.
