Seller’s markets come and go. If you’re selling your house in New Jersey or around the zipcode during a seller’s market, then you might get multiple offers. Here’s how to review seller’s market offers in New Jersey…
There are more buyers and fewer properties in a seller’s market. It’s very exciting when you may be able to get a soaring asking price and plenty of offers when selling your house
Although multiple offers might be exciting to receive, it can also be confusing and overwhelming in selling your house. In such so there are four things you might do to lessen the burden so you can and approach your multiple offers to your greatest advantage…
How To Review Seller’s Market Offers In New Jersey
These are the four (4) things you must consider:
- Sort the offers to those who are ready to buy and to the one who are buying contingent on something else. Most people have accidental offers on houses on getting approval for a mortgage or just selling their house. It’s often easier and faster to work with someone who doesn’t buy based on a contingency than to approach your multiple for a great advantage.
- Sort base on the remaining ones which is more important to you – either the speed of the sale or the price. (For some sellers, a faster sale is more important than a higher price). Both are important but usually one will be more important than the other.
Sort the offers if speed is important to you, which means the ones who are closest to the timeline you want to move in.
If price is important to you, sort the offers by the ones that are highest to lowest in terms of price.
3. Sort by the ones that don’t add any conditions, if you have several that match your preference above (such as: if you want to move by the end of the month and you have several offers that work within that timeline). The more conditions a buyer adds, the more work it may be for you.
In the end, you’ll have a pile of offers – at the top will be that offer the best speed or price (whatever is more important to you), the least conditions, are the ones ready to buy immediately. And at the bottom are those who aren’t ready to buy because they have other eventualities.
Start working through them once you’ve sorted your offers from the top that makes counter offers from a position of strength!
If you don’t have the offers that you want, the other way to sell is by selling directly to us at Savannah Properties. If this is overwhelming to you or doesn’t have as many offers as you’d like to choose.
