In a Bidding War, How Do You Choose the Best Offer?

Real Estate Bidding War

So, You Started a Bidding War. How Do You Pick the Best Offer? By: Ed Finkel

The housing market is on the rebound, home prices are rising, and, for the first time in nearly a decade, two or more offers at the same time is a common occurrence.

It’s a good problem to have if you’re a seller. But before you lean back in your chair and daydream of the piles of money you’ll be sleeping on, there’s one more thing to think about: Now that you started that bidding war, how, exactly, do you choose the best offer?

The best strategy is to play offers against one another and take the highest price, right?

Wrong! While money is a major consideration, real estate agents are counseling their clients to look at a variety of factors when entertaining multiple offers.

Continue to read: http://www.realtor.com/advice/sell/choose-the-best-offer-in-bidding-war/

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