You received MULTIPLE Offers... Which one should you pick?

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Aside from the price (which is very important), here are some other items that can affect WHICH offer you pick:

1) Closing Date : Do you need time to move and therefore prefer a longer closing period? Or would you rather Close ASAP to get your money quicker?

2) Inspection Period : If the Buyer isn't waiving their inspection, make sure they're asking for a short inspection period. Average is 7-10 days in South Florida.

3) Financing or Cash Buyer : A cash buyer means a quicker closing and less hoops to jump through. The only time I would recommend selecting a Financing Buyer over a Cash Buyer is if the financing buyer has a good down payment and is offering MORE than the Cash Buyer.

Which leads us to #4...

4) Appraisal Contingency : Cash buyers don't care if a property appraises but this is extremely important for those financing. So even if a financing buyer offers you $50K above asking - make sure it will appraise...otherwise, you could end up taking less than that other cash offer.

5) Financing TYPE: There are different types of loans based on the Buyer's financials (FHA, VA, Conventional, Jumbo, Portfolio, etc). This should weigh heavily on your decision. Some properties do not qualify for certain loan types and you could make the mistake of accepting an offer that won't Close.

Remember each property, seller, buyer and transaction is different. Navigating all of these aspects of an offer can be much easier if you hire the right Agent.

Have any questions about the Selling process?

Sincerely,
Jonny & Maria Quintana
Your Real Estate Duo

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