Overview

• Price is just the starting point when evaluating an offer, you need to look at it holistically
• All contingencies included in an offer come down to a cost/benefit analysis where you decide what you are willing to accept
• All-cash offer provides more certainty, however, source of funds need to be verified.
• Be ready to balance your emotions and your bottom line / total net proceeds.

how to choose the best offer on your house

Everyone wants to get an offer that’s higher than what they’re asking for, but sometimes the highest offer isn’t the best offer. The best offer can vary based on your needs, the terms of the sale, timeline, and price.

There are also many costs involved in selling a home, such as real estate agent commissions, closing costs (escrow, title, transfer fees, etc.), and home overlap costs if you aren’t able to buy and sell your home at the same time. The offer you accept doesn’t always translate to the total number you walk away with after these costs are accounted for, also known as your net proceeds.

Understanding the different components of an offer, how they affect your close date, your risk tolerance, and your bottom line, will help you choose the offer that makes the most sense for you.