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Evaluate Several Home Offers at the Same Time

by Susan Christy 01/30/2019

Receiving multiple offers on a residence is a home seller's dream come true. However, if a home seller faces a tight deadline to review several homebuying proposals simultaneously, making the right decision may prove to be exceedingly difficult.

Ultimately, evaluating multiple home offers at the same time can be quick and seamless – here are three tips to ensure that you can review various home offers and make an informed decision.

1. Consider the Homebuyer's Perspective

Although you probably won't be able to find out the identity of a homebuyer who submits an offer on your home, you may be able to learn about the homebuyer's perspective if you study a home offer closely.

For example, a homebuyer who wants to close on a residence as soon as possible may face a time crunch. And if this buyer has fallen in love with your home, he or she may do anything possible to acquire it.

On the other hand, a homebuyer who submits a lowball proposal may be looking for a bargain. Therefore, this home offer may fall far below your initial expectations, and you should not hesitate to decline or counter the proposal.

2. Analyze the Housing Market

Operating in a buyer's market or a seller's market may dictate how you proceed with multiple offers on your house.

If you've listed a house in a seller's market, the number of homebuyers likely exceeds the number of first-rate houses that are available. As such, you may want to accept a home offer in a seller's market only if it matches or exceeds your expectations.

Comparatively, if you're working in a buyer's market, there likely is an abundance of high-quality residences and a shortage of homebuyers. Thus, you may be more inclined to accept a home offer that nets you the biggest profit – even if the home offer falls shy of your initial home selling expectations.

3. Collaborate with a Real Estate Agent

If you're unsure about how to approach multiple offers on your home, it certainly pays to consult with a real estate agent. In fact, a real estate agent can help you examine various offers and decide which home offer – if any – is right for you.

By hiring a real estate agent, you'll gain an expert ally who will support you throughout the home selling journey.

Typically, a real estate agent will learn about your home selling goals and ensure you can set a competitive price for your residence. He or she also will host home showings and open houses, negotiate with homebuyers on your behalf and do everything possible to help you get the best price for your home, regardless of the real estate market's conditions.

Perhaps best of all, a real estate agent is prepared to respond to your home selling concerns and queries. And if you have questions about a home offer, your real estate agent is available to respond to your questions at any time.

Take the guesswork out of evaluating multiple offers on your home – use the aforementioned tips, and you can determine the best course of action based on the home offers at your disposal.

About the Author

Author
Susan Christy

Hello, and thank you for visiting!

When it comes to real estate experience, few compare to Susan Christy. As a full-time Realtor for over 30 years, Susan has been successfully selling and finding homes for her clients since 1987, and her in-depth knowledge of the real estate process is hard to match. There are few challenges Susan hasn’t experienced and successfully resolved. She has not only the expertise to seamlessly close a real estate transaction, but the personal skills to instill a comfortable confidence, putting her clients at ease. She carefully listens, puts a plan in place, and follows through to the close of escrow and beyond. Susan is the real estate professional with the tact and skill to negotiate the highest return for her sellers and best possible price for her buyers: the true professional you want on your side.  

Susan holds a Bachelor’s degree in Psychology and a Master’s Degree in Education from Arizona State University and taught special education for four years prior to beginning her real estate career in 1987. She was raised in the Arcadia area of East Phoenix, where she has also raised her two daughters. Susan has been affiliated with Realty Executives for over 20 years, among the most highly respected real estate brokerages in Arizona, and has garnered many honors for superior sales performance, including the Phoenix Association of Realtors President’s Roundtable, Realty Executives 100% Club and Executive Club awards and the Realtor.com Online Marketing Award of Excellence. In addition, her superior performance has earned her membership in the Top Agent Network (TAN), as well as the CLHMS (Certified Luxury Home Marketing Specialist) and National Association of Realtors BPOR (Broker Price Opinion Resource) designations. She maintains active membership in the Luxury Home Tour Inc. of Arizona and the Arcadia Camelback Tour.  

Specializing in Phoenix, Arcadia, Scottsdale, and Paradise Valley, but experienced and able to assist with real estate needs in nearly all areas of the Valley, her goal is to provide superior service second to none. Her clients can expect expert representation, communication, and negotiation skills from contract to close, intensive attention to detail throughout all phases of the real estate transaction, and above all, integrity and professionalism. She is: Client Focused. Results Driven. Please feel free to contact Susan at any time to discuss how she can best assist you with your real estate needs.