Making an Offer in a Competitive Market
So, imagine finding a home you love, making an offer, and then finding out there are other competing offers on the table. This has been the norm, in recent months, when negotiating on a property.
If you’re looking for a property in a competitive market, it is likely that there will be multiple, or competing offers. Even just one other offer can create the risk that you’ll lose the home. So how do you make sure your offer is enticing...
When considering which of two or more competing offers to accept for your home, there is no doubt price plays a huge role. After all, if Offer #1 is $10,000 higher than Offer #2, that’s an enticing difference that puts thousands of extra dollars in your pocket, correct?
However, price isn’t the only thing you should think about when comparing multiple offers. There are other factors you need to consider as well.
For example, what conditions are in the offer? If Offer #1 is conditional...
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