Receiving multiple offers on your home in Fairfax Station sounds ideal, and it can be.  It's the best feeling when your home is sought after by multiple families. 

But choosing the right offer isn’t always as simple as picking the highest price. How to handle multiple offers when selling your home. 

What Sellers Should Look At

1. Price vs. Terms
A higher price doesn’t always mean a stronger offer.

Look at:

• Financing type: Cash vs a loan
• Lender loan type
• Contingencies for the financing
• Closing timeline

2. Earnest Money Deposit
A stronger deposit often signals a more serious buyer.  Should be at least 1% of the offer price.  EMD needs to be deposited in the first few days of the contract.

3. Appraisal Risk
If the home appraises below the contract price, how is that handled?  Buyers can choose to write into the contract that they will cover the appraisal gap.  The appraisal gap is the difference between the offer price and the appraisal amount.  

4. Inspection Terms
Inspection contingencies can impact how smooth the transaction will be and what negotiations may be needed. 

The Biggest Mistake

Choosing based on price alone without evaluating risk.  Terms, contingencies, financing, and timing can all be risks. 

Final Thought

The best offer is the one that gives you the strongest overall outcome, not just the highest number. 

Savvy strategies. Expert guidance. Proven results.

List with Kristin.