How should you handle multiple offer situations as a buyer?
When
competing for a home your first move is to know what price you are
going in at. Have a strong bank draft of $30-$50k to show the seller;
make a firm offer. Also bring a home inspector with you to have an
inspection done.
How
should you handle multiple offer situations as a seller?
Handling
a multiple offer situation as a seller is very simple. As your agent,
I would collect the offers and present them to you. We would then
weigh each offer, from price to deposit structure to conditions. The
highest offer does not necessarily mean the best offer. It is not
uncommon for a seller to go with a lower price because the offer is
more solid or does not have any conditions.
I
hope this helps answer your questions regarding multiple offer
situations. If you have any other questions or are looking to buy or
sell your home please call me at 416.571.2724
