It’s crazy right now😱 if you are selling your house🏠, we see how sellers are receiving multiple offers💰, even between 15 and 22 offers😲, so it can be very confusing😫 and exciting at the same time🎉.
I totally understand it👍, this week alone, we had 2 houses listed in which we received🙆 between 15 and 22 offers from each💪.
Hi everyone,👋 I’m Carlos Zapata, from Pitbull🐶 Realty with eXp Realty.
So,💬 how do you know which offer to choose? 👈👉Is the highest offer always the best offer ???💭.
Well, if you are wondering 🙇or possibly considering selling your home🏠, then listen to this👂. Many sellers👥 think that the highest offer is always the one they should accept💥. In reality, the highest bid does NOT😱 always mean the best bid💔. Let me explain why💬.
If there is a loan involved💸 and a buyer offers you an unbelievably high price for your home🏠, we must make sure that the home actually reaches📈 the agreed price💆. Why is this important?👈 Well, because the bank will only make loans💸 based on the value of the appraisal😧, let’s look at that in simple terms🔎.
If the buyer offers 650K💰 for the house🏠 and the appraisal value is 640K, the bank🏢 will only loan the price of $ 640,000💢, so there is a difference of $ 10,000,😞 This means that the buyer would have to pay💱 the difference in cash💸.
So 📃understand that the buyer👤 must have the money💵 for closing costs, down payment,💬 and possibly have enough money🙈 in the bank for reserves,🙅 as well as putting in those extra 👉10K to cover the difference in appraisal value💀.
So, how does this 💬affect a seller👤 and what should they do to protect themselves💪? Here is ONE of the things we do here at Pitbull🐶 Realty.
One of the best options📄 for a seller is to make a counter offer👊 of NO appraisal contingency💭. That is, the buyer👤 will pay the difference💰 between the appraisal value and the purchase price💳. When doing this, make sure that:👇
1. They have the ability to pay the difference.💪
2. That you have enough money💵 to qualify for the purchase loan📈
3. They really understand what that means👈👍.
There are a lot more issues💢 to worry about when this happens😕, and I’ll be here🙋 all day explaining😁, and I know I just said a lot of mambo😂, jumbo and you shouldn’t have to worry about all of this👀, trust me🙏s, there is A LOT more, so To find out how much money💸 you should be selling for, how to make sure👌 you end up with the amount of money you expect to sell🏠 your home on what you😉 and the buyer mutually agreed to, call us📲 here at Pitbull🐶 Realty, and we will do all the negotiations🙏 for you and make sure it is quick and easy.💪
And stay tuned for more tips💁 on how to get the money you think you expect from selling👍.
Feel free to contact us anytime📞 here at Pitbull🐶 Realty, we are the leaders🙋 in the digital📲 community market to ask questions or just need some advice on how to buy or sell your home🏠.
This is your friend👋 Carlitos Zapata from PITBULL🐶 REALTY
REAL ESTATE WITH LOYALTY AND LOVE💓