This selling season we are experiencing low inventory. It brings out multiple offers and bidding wars. Are you Prepared? First you should be working with a seasoned agent as myself who has the knowledge and assist you in the transaction.
Judging multiple offers is an enviable problem to have, but it isn’t always easy territory to navigate. Pricing is just part of the calculation. Other factors include move-in-timeline, potential appraisal and inspection contingencies, the amount of earnest money a buyer is willing to put down and negotiations around home repairs, among othe issues that may appear.
Some sellers come into the process with priorities that are more important to them then the sale price. You should know those from the start so it weeds out bidders who are not able to meet the sellers terms.
Make sure that you are prepared to go to highest and best with an offer if there are mulitiple offers on the table. And finally make sure you have the difference in cash should the house not appraise.