When you’re a seller with multiple bids on your property, which is the best bid to take? Is it the one with the highest price? Is it the one with the best terms?
Let’s say you don’t want to have to move for 90 days, but the buyer with the highest bid wants you to be out of your house within 30 days. Or maybe the highest bid has all kinds of additional terms, like being subject to appraisal, subject to home inspections, and subject to meeting FHA criteria. The decision you have to make is whether it’s worth it for you to encumber the property with those requirements just to get a higher price on the property, which may ultimately be deflated.
Is the encumbrance worth the higher price?
If you have any questions or concerns about what to do in a multiple bid situation, we’d love to help you out. Give us a call or send us an email - we look forward to hearing from you!
If you're selling your home, there are many advantages to working with a team rather than a single agent. A real estate team can be more accommodating to your needs and help you on short notice.
Should you work with an individual real estate agent or an agent that works as part of a team? If you hire an agent who is actually working with a small professional team that can service your needs, there are some distinct advantages. For starters, you can almost always have immediate support with a team in the event that your agent is busy with another aspect of the business or your transaction. Additionally, teams can accommodate buyers on short notice. Say your lead agent is on an appointment and a buyer wants to see your home without much notice. It's much more likely that a team will be able to accommodate that buyer without the lead agent immediately available.
Teams are much more versatile than individual agents.
Remember, when you sell, you'll then need to buy. A team can compete better in a seller's market like we're seeing in the Northeast. A home we listed recently had 30 showings in the first two days. When the market is this competitive, it's critical to have a team to accommodate your needs right away when the house of your dreams is listed on the market. A team will also be able to accommodate the other party's schedule as well as your own. Finally, with a team, you'll have members with specialized expertise. The team could be comprised of a lead member who is a professional negotiator, then a computer expert who is very good with contracts and interfacing with attorneys, someone who is a buying expert, and a staging expert. If you have any questions about working with a team to sell your home, feel free to reach out to us. We'd love to tell you about what makes our team so effective to work with when you're buying or selling a home.
