The highest offer may not be the best?

January 4, 2010

An important thing to talk about with your real estate agent: The highest priced offer to purchase may not always be the best offer.

Why would that be?  Several factors come into play such as home sale contingency. Is the offer price really nice but contingent on the sale of the buyer’s current home?  That other home could take a while to sell.  Offers contingent on a home sale are common, yet should be considered carefully.

What about the closing date? A buyer who can close quickly means you have less months of mortgage payments to make on your current home.  

Sellers, your First Weber agent can talk you through the pros and cons of each offer.  And buyers, the two scenarios above maybe of value to you. Talk with your buyer’s agent for help in making your offer to purchase as strong as it can be.

Dian Hymer’s article on Inman News Dec 18, 2009 bought this excellent topic to mind. 

Thank you for reading the First Weber blog and let us know if you have any Wisconsin real estate questions you’d like answered!

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