Ask the REALTOR® is a regular video series in which I answer your most commonly-asked real estate questions, with a new Q&A posting every week. If YOU have a real estate question for me, drop me a note here.
This week’s question: Help! I received 10 offers on my home. What do I do now? Here’s the answer in this brief video, and don’t miss the transcript below.
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Hi, this is Cari McGee with Keller Williams Real Estate. Welcome to this week’s episode of “Ask The Realtor.” Every week I answer questions from buyers and sellers — and pretty much everyone in between — regarding real estate.
This week’s question is, “Help, I received 10 offers on my home. What do I do now?”
Well, first of all, that’s a great problem to have! And secondly, you very likely have a fantastic agent working on your behalf, because that’s how you get a multiple offer situation.
The best thing to do is work with your agent to find out all the best components of each offer. Not all offers are weighed the same, and it’s not always just a matter of price. Sometimes it’s terms. Sometimes it’s contingencies that are attached. Sometimes it’s a time frame that would work better for you than another one. So there’s a lot of different elements of every offer that need to be explored and discussed to find out which is the right one for you to accept.
So always solicit the feedback from your agent. Have him or her go over it with you, and make sure you completely understand all the ins and outs of each offer presented, and that way you can make the best decision for you.
If you have any questions for me regarding real estate, by all means give me a shout via a text, email, call, whatever floats your boat. Thanks so much for watching. Have a really good day. Bye.