Stay Focused S2 Ep27: WWYD In a Multiple Offer Situation?
This week is the Choose Your Own Adventure episode for Stay Focused. Erik & Randal give you three different offers. What would you do (WWWYD) if it were your home?
Welcome to Stay Focused, Focus Real Estate's weekly video series! This week we're doing something a little bit
different. We're going to give you, our viewers, an option to choose what would you do as a seller in a multiple offer situation? As a seller, you have choices.
Yeah, we've talked about this in the past from the buyer's perspective. How to place a strong offer to appeal to a seller, that kind of thing. What we haven't talked to you guys about, is when we're sitting down to present offers to our clients, our sellers it gets a little bit more complex than people think.
So we're going to present you with three scenarios here.
First of all, we'll talk about a property that's listed for sale and the asking price is $730,000. Our first offer comes
in and it's a really good one!
- Option One: Highest price, inspection contingency with a $5000 deductible, and no mortgage contingency.
- Option Two: Is giving you your offer price. It's from a buyer that you know and like and they wrote a nice letter. They have no inspection and 20% down. Standard closing.
- Option Three: Lowest price with the highest deposit amounts and no inspection and 30% down financing
Well, for some of you it's a no-brainer. You know exactly what you would do in this scenario but for others you kind of have some second thoughts about where you're going with this. We will be following this up with a live video on Thursday to chat about what you would do and we'd love for you to join us and chat about what your priorities are.
Yeah! comment below and tell us what you would do and why!
And if you've been faced with this before and what you chose.
We look forward to following up on this conversation with all of you. And don't forget to stay tuned and Thursday and we'll do a live video and discuss the different choices.
Great! Well thanks for watching everybody! Don't forget to like us on Facebook and subscribe to our YouTube channel until next time, Stay Tuned and Stay Focused.