It’s every seller’s dream — multiple offers on your home! But how do you navigate a bidding war and choose the best one? Here’s how to handle competing offers with confidence.
Don’t Just Look at the Price
Of course, you want top dollar, but the strongest offer isn’t always the highest one. Look at:
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Financing: Is the buyer pre-approved? Are they paying cash?
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Contingencies: Fewer contingencies mean fewer opportunities for the deal to fall apart.
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Earnest Money: A larger deposit shows a serious buyer.
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Closing Date: Does it match your timeline?
Use a Best-and-Final Strategy
Your agent can ask all interested buyers for their “best and final” offers. This can raise the stakes and help you get the best possible terms.
Stay Professional & Fair
Communicate clearly with all parties. Handling multiple offers can feel stressful, but your agent will help you stay organized and negotiate smartly.
Celebrate Your Win!
When you accept the best offer, you can move forward with peace of mind knowing you made the right choice. The goal is a smooth, stress-free closing that puts you on the path to your next adventure.