#ChickChat Episode 45- How does a Seller Choose
So, sometimes you as a seller are blessed with multiple offers. That's such a good problem to have, but how do you choose the winning bid?
Well, first of all, I'm not going to give you a blanket answer because there's there isn't one. But, you should sit down with your agent and they need to print out all the offers, lay it in front of you and go over the pros and cons, of course. Keep in mind that price might not be the only factor that you should be looking at. You need to think about your contingencies. Every buyer's going to ask for an inspection contingency, a loan a contingency and an appraisal contingency. That was hard to say.
Contingency. The longer that each contingency is the worse for you. So, you want to keep that in mind. You want all the contingencies to get passed so that the buyer can't back out. And one really, really, really important thing, if you're between two offers that are really close in price and other terms is pay close attention to who their lender is. You want a lender without a 1-800 number. You want a lender that's local. And, I'm not going to throw anyone under the bus here, but your agent should be able to tell you what lenders to avoid. Okay, done.
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