Choosing the best Offer When Selling Your Home In Frisco
Winning In A Multiple Offer Situation in Frisco
If you are getting ready to sell your home in Frisco, you may already know that the Frisco real estate market is red hot right now. The inventory of homes for sale in Frisco is very low which is resulting in multiple offers when you list your Frisco home for sale with the help of a top Frisco Listing Agent. Here are a few things that you should keep in mind when choosing the best offer for your Frisco home for sale.
Rely On The Knowledge & Experience Of Your Top Frisco REALTOR® & Top Frisco Listing Agent
Hopefully, you have picked a top Frisco listing agent to help you with your Frisco home sale. Although your Frisco listing agent will help you navigate a multiple offer situation, you should still have a general understanding of how the process works. In multiple offer situations, your listing agent will help you analyze multiple offers and will help you in picking the best offer submitted. When it comes time to negotiate an individual offer, you essentially have three options: accept, reject, or make a counter offer.
Know Your Bottomline And Priorities in Advance
Before you ever receive the first offer when selling your Frisco home, make sure that you have thought about what is the most important thing for you in an offer - price, closing date, ability to close on time or ability to lease the property after closing. Ensure that you know what is most important to you when selling your home in Frisco. If the sales price is the most important factor, then being flexible on the closing dates, option period, ability to accommodate the buyer on multiple other things will help you maximize the sales price. Your top Frisco Listing Agent can help you with this process.
Keep All Factors In Mind When Selling Your Frisco Home
Although sales price is the number one factor most sellers focus on when you list your Frisco home for sale, remember that there are numerous other things to keep in mind when selling your Frisco home, such as earnest money amount, closing costs, option periods, financing terms and items included in the sale. In the end, choosing the offer that has fewer contingencies like sale of other property by the buyer and stronger financing (a buyer willing to put down 25% down on the purchase vs. a buyer willing to put down only 5% on the purchase) may be worth a lower sales price if the transaction closes on time and with minimal issues. Here is a list of other important factors to look at when trying to pick the best offer when you are selling your Frisco home.