What would you do for an extra $1,000, maybe $5,000, or maybe even $10,000+? Here are a couple reasons why a seller may not choose the highest dollar value offer. 

 

  1. Cash Offers > Loan

    Cash offers are a whole lot more reliable than any offer with a loan. Especially a loan-contingent offer. If the seller has a priority to close quickly, they may be more inclined to accept a cash offer even if it was lower than an offer with a loan.


  2. Contingencies Kill

    Contingencies can kill a deal. Even the highest of offers can be turned down if they have too many or “all the wrong” contingencies. A lower offer with less to no contingencies can offer peace of mind to the seller and less complications. If prospected buyers wave inspections, appraisals, financing, then you know the odds of them backing out are slim.


  3. Qualification

    A well-qualified buyer may be your very best bet. A qualified buyer may start low, but expresses serious interest in your home. They may be the best and safest bet. Ask your realtor to qualify each buyers potential. The ones with the most potential and who have expressed high interest may be the best to offer a counter offer.


  4. Time

    Your time is valuable. Chances are, if you're selling a home, you are working with an important deadline. If you need to stay as long as you can so you can save money on rent and storage, choosing an offer that allows for that may be the best choice.


  5. Personal Property

    If there are multiple offers, do not ask for personal property, especially personal property that was listed as not available. Your offer could be similar to many others and asking for additional personal property can get you booted from the runnings.


     

Keep in mind these helpful tips when making an offer on a home. They could get you the home of your dreams, and make for an easy move for the seller! It’s a double win!