"Having an experienced agent in your corner (like the people on our team) will help you comb through the fine-print details of multiple contracts and keep your head from spinning."

3. Are they offering an additional down payment if the appraised value doesn’t come in at the purchase price? In a hot market like this, everyone is offering over asking price. Does this mean you’ll actually receive that price, though? Not if you potentially accept the wrong offer or don’t counter certain items in the contract. 

4. Inspection contingency. Most buyers will want an inspection of their new home before moving into it. Truthfully, it’s a great way to protect themselves from unforeseen circumstances. However, again, we’re in a market that’s so hot that we’ve seen plenty of buyers waiving their inspection contingencies.

Let’s say you receive one offer that’s $20,000 over asking price and the buyer is requesting an inspection contingency, and you receive another offer that’s $10,000 over asking price and the buyer is waiving the inspection contingency. If you accept the higher-priced offer with the inspection contingency, it’s possible that the inspector finds issues in your home that you weren’t aware of. If and when this happens, you and the buyer will potentially have to renegotiate the offer. Even worse—they may just walk away. 

An experienced agent in your corner (like the professionals on our team) will help you comb through the fine-print details of multiple contracts and keep your head from spinning. We’ll help you get the most money for your home with strong confidence that you won’t run into many issues that could cost you time, money, and energy later on during the transaction. 

If you’d like to know more about picking the best offer for your home or have any real estate questions at all, don’t hesitate to reach out to us. We'd love to help you.